# The Arora Report Stock Market News > Original News Reporting and Insights to Help You Generate Wealth ## Posts - [AGGRESSIVE STOCK BUYING ON JOBS REPORT SHOCKER AND IRAN HOPIUM; CHINESE BUY GOLD](https://blog.thearorareport.com/iran-hopium-260807/) - [WORLD'S SMARTEST BANKER WARNS OF HIDDEN MARGIN DEBT; SANDISK, WDC DISAPPOINT; SK HYNIX FLASH CRASH](https://blog.thearorareport.com/hidden-margin-debt-260806/) - [SPACEX CHOOSES NVIDIA, SHORT SQUEEZE DRIVES STOCK MARKET RALLY AS SENTIMENT RACES TO AN EXTREME – BE CAREFUL](https://blog.thearorareport.com/spacex-chooses-nvidia-260805/) - [HOW THE ARORA REPORT IDENTIFIED GUARANT HEALTH BEFORE WALL STREET CAUGHT ON — THE GAIN HAS NOW REACHED 512%](https://blog.thearorareport.com/guardant-health-260804/) - [YEN INTERVENTION AND FALLING OIL HELP STOCKS BUT SELLING IN KOREA THROWS A MONKEY WRENCH](https://blog.thearorareport.com/yen-intervention-260803/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260801/) - [WONDER BOY BLOWUP SPARKS MASSIVE SEMICONDUCTOR RALLY, KOREA UP 18%; AMAZON HELPS, APPLE DISAPPOINTS](https://blog.thearorareport.com/apple-disappoints-260731/) - [SAMSUNG PROFITS SURGE 1300%; 30 YEAR BOND YIELD HIGHEST SINCE 2007; MOMO’S FAVORITE SEMI ETF LOSES 70%](https://blog.thearorareport.com/soxl-260730/) - [PIVOT TO AI DATA CENTERS AND TRUMP BAN ON CHINESE INVERTERS PRESENTS AN OPPORTUNITY IN SOLAREDGE (SEDG) — EARNINGS AHEAD](https://blog.thearorareport.com/sedg-260729/) - [CHINA BREAKTHROUGH CAUSES SELLING IN KOREA AND IN TURN SELLING IN U.S. SEMICONDUCTORS, FED RISK](https://blog.thearorareport.com/china-breakthrough-260728/) - [AGGRESSIVE STOCK BUYING ON NVIDIA BACKING MASSIVE OPENAI DATA CENTER AND TRUMP PAUSING IRAN ATTACKS](https://blog.thearorareport.com/openai-data-center-260727/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260726/) - [EVERYONE TALKS GPUS BUT CPUS ARE WINNERS FROM AGENTIC AI – INTEL EARNINGS STOP TECH STOCKS BLEEDING](https://blog.thearorareport.com/agentic-ai-260724/) - [STOCK MARKET SELLING AS HOUTHIS OPEN A NEW FRONT, GOOGLE AI CASH BURN, TESLA HUMANOID SPENDING](https://blog.thearorareport.com/google-ai-260723/) - [CHIP RALLY PULLS BACK AS YEMEN’S HOUTHIS ENTER THE WAR; EARNINGS FROM ALPHABET AND TESLA AHEAD](https://blog.thearorareport.com/chip-rally-260722/) - [BUYING IN SEMICONDUCTORS ON IRAN CEASEFIRE SOAP OPERA, EARNINGS HOPIUM, AND KOREA](https://blog.thearorareport.com/iran-ceasefire-260721/) - [APPLE AT AN INFLECTION POINT — WHAT PRUDENT INVESTORS NEED TO KNOW — RAISING THE TARGET](https://blog.thearorareport.com/apple-260720/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260718/) - [APPLE BOOSTS UNDERVALUED CHINESE AI STOCKS — WHAT PRUDENT INVESTORS NEED TO KNOW ABOUT THE OPPORTUNITY](https://blog.thearorareport.com/apple-260717/) - [KOREA DRIVES SEMI STOCKS LOWER IN SPITE OF GOOD TAIWAN SEMI EARNINGS, APPLE BOOSTS CHINA AI MODELS](https://blog.thearorareport.com/semi-stocks-lower260716/) - [57 ECONOMISTS WRONG ON INFLATION, ASML EARNINGS BRING OPTIMISM TO AI TRADE](https://blog.thearorareport.com/economists-wrong-260715/) - [THE MOST IMPORTANT EARNINGS QUESTION INVESTORS NEED TO ANSWER](https://blog.thearorareport.com/earnings-question-260714/) - [CRITICAL FOUR HOURS AHEAD, KOREA AND IRAN DRIVE SELLING IN U.S. STOCKS](https://blog.thearorareport.com/iran-260713/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260712/) - [SEMIS VOLATILE AS TRADERS WAIT FOR SK HYNIX DISCOUNT TO MICRON CLOSE, U.S. APPROVED CRYPTOBANK](https://blog.thearorareport.com/cryptobank-260710/) - [7X SK HYNIX OVERSUBSCRIPTION BRINGS BUYING IN SEMIS, EARNINGS SEASON AHEAD, OIL PULLS BACK AFTER IRAN ATTACKS](https://blog.thearorareport.com/sk-hynix-260709/) - [SEMICONDUCTORS BELOW SUPPORT; FED MINUTES AHEAD; TRUMP SAYS IRAN CEASEFIRE IS OVER, BUT WILL HE BACK OFF?](https://blog.thearorareport.com/soxl-260708/) - [SAMSUNG SELLOFF SENDS WARNING TO U.S. INVESTORS; AMAZON ENTERS AI DEBT BINGE; IRAN HITS A SHIP](https://blog.thearorareport.com/samsung-selloff-260707/) - [KOREA REBOUND LEADS BUYING IN TECH STOCKS – SAMSUNG EARNINGS AND SK HYNIX LISTING AHEAD, YIELDS PULL BACK](https://blog.thearorareport.com/sk-hynix-260706/) - [TWO POSITIVES FOR THE MARKET BUT WARSH SPEECH AND JOBS REPORT ADD UNCERTAINTY; ‘NEVER SELL BITCOIN’ ABANDONED](https://blog.thearorareport.com/warsh-speech-260630/) - [PRUDENT INVESTORS PAY ATTENTION TO NEWS FROM KOREA; BUYING ON TALKS FROM IRAN AFTER STRIKES](https://blog.thearorareport.com/iran-260629/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/weekly-stock-260627/) - [GOLD: THE STORY BEHIND CNBC'S NIGAM ARORA QUOTES](https://blog.thearorareport.com/cnbc-gold-260625/) - [AI OPTIMISM REIGNITES ON MICRON EARNINGS BUT MORE MEMORY SUPPLY AHEAD, PCE SHOWS STICKY INFLATION](https://blog.thearorareport.com/ai-optimism-260625/) - [THE ARORA REPORT'S DYNAMIC HEDGING APPROACH TO HIGH-FLYING TECH STOCKS](https://blog.thearorareport.com/dynamic-hedging-260624/) - [SEMI MANIA GETS A REALITY CHECK FROM SOUTH KOREA, PRUDENT INVESTORS PAY ATTENTION TO SHIFT IN AI TOKENS](https://blog.thearorareport.com/semi-mania-260623/) - [INITIATE OR ADD TO TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO) — PREORDERS BEGIN FOR THE SEQUEL TO THE MOST SUCCESSFUL VIDEO GAME EVER](https://blog.thearorareport.com/ttwo-260622/) - [A RARE CHEAP STOCK IN AN EXPENSIVE MARKET — INITIATE OR ADD TO FINTECH FIRM FISERV (FISV)](https://blog.thearorareport.com/fisv-260617/) - [SPACEX CRYPTO SQUEEZE, BONDS DO NOT SHARE STOCK MARKET EUPHORIA, WARSH ERA BEGINS](https://blog.thearorareport.com/spacex-260616/) - [169% GAIN ON AI ETF AIQ — AIQ IS THE BEST ETF FOR AI RIGHT NOW](https://blog.thearorareport.com/best-etf-for-ai-260615/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260613/) - [KOREA ETF EWY: 287% GAIN FOR ARORA MEMBERS — MEMORY FOR AI IS THE DRIVER](https://blog.thearorareport.com/ewy-260612/) - [STOCK MARKET WHIPSAWED ON TRUMP STATEMENTS, SPACEX EUPHORIA, ECB RATE HIKE, HOTTER PPI BUT PRIOR REVISED](https://blog.thearorareport.com/trump-statements-260611/) - [UNDERSTANDING REWARDS AND RISKS OF SPACEX IPO](https://blog.thearorareport.com/spacex-260611/) - [CPI SAVES STOCK MARKET, CHINA TAIWAN TENSIONS HURT SEMIS – MOMO CROWD BUYS THE DIP, IRAN TRUCE MORE FRAGILE](https://blog.thearorareport.com/taiwan-tensions-260610/) - [EXCITEMENT OVER U.S. POTENTIALLY TAKING STAKE IN AI COMPANIES, OPENAI IPO FILING, AND SPACEX IPO; CPI AHEAD](https://blog.thearorareport.com/ipo-filing-260609/) - [INVESTORS LISTEN TO NVIDIA CEO AND BUY AI STOCKS AFTER THE SELLOFF, HIGH HOPES FOR APPLE AI](https://blog.thearorareport.com/nvidia-ceo-260608/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260606/) - [MOMO AGGRESSIVELY BUYS SEMICONDUCTOR DIP, BIG SETBACK FOR SPACEX, BLOWOUT JOBS REPORT](https://blog.thearorareport.com/semiconductor-dip-260605/) - [SEMI MANIA’S BROADCOM PROBLEM, WORLD’S SMARTEST BANKER TO PITCH SPACEX, JAPAN RISK TO AI TRADE](https://blog.thearorareport.com/semi-mania-260604/) - [NVIDIA’S CEO ACCELERATES SEMI MANIA, EXTRAORDINARY SPACEX CONFIDENCE, TARIFFS ARE BACK](https://blog.thearorareport.com/semi-mania-260603/) - [MARKET MANIA & WAYS TO PROTECT PORTFOLIOS](https://blog.thearorareport.com/market-mania-260602/) - [BOSTON SCIENTIFIC CORP (BSX): PANIC OR OPPORTUNTIY?](https://blog.thearorareport.com/bsx-260601/) - [BUYING ON IRAN DEAL, DELL EARNINGS SUPPORT SEMI MANIA, ROCKET EXPLOSION IS BAD NEWS FOR SPACE MANIA](https://blog.thearorareport.com/iran-deal-260529/) - [TRIPLE MANIAS TAKE A HIT AS U.S AND IRAN EXCHANGE STRIKES BUT WEAKER PCE MAY REIGNITE MANIAS](https://blog.thearorareport.com/triple-manias-260528/) - [SPACE MANIA ADDS TO SEMI AND OPTIONS MANIA, MICRON GAMMA SQUEEZE, S&P 500 8K MAGNET BUT WEAK UNDER SURFACE](https://blog.thearorareport.com/space-mania-260527/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260523/) - [SEMI MANIA HELPED BY IRAN OPTIMISM, POTENTIAL SHORT SQUEEZE AHEAD](https://blog.thearorareport.com/iran-optimism-260522/) - [BONDS APPROACH DANGER ZONE FOR STOCKS AS SEMI MANIA TEMPERED BY CROSSING URANIUM REDLINES, U.S. TO INVEST IN QUANTUM](https://blog.thearorareport.com/semi-mania-260521/) - [SEMI MANIA RESUMES AHEAD OF NVIDIA EARNINGS ON SAMSUNG WOES AND TANKERS EXITING HORMUZ](https://blog.thearorareport.com/semi-mania-260520/) - [CHINA FEAR AND SEAGATE COMMENT STOP SEMI MANIA BUT NVIDIA CAN REIGNITE, TRUMP BUYS MORE TIME](https://blog.thearorareport.com/china-fear-260519/) - [SEMI AND OPTIONS MANIA COLLIDE WITH BOND ROUT AHEAD OF EARNINGS FROM NVIDIA, HOME DEPOT, AND WALMART](https://blog.thearorareport.com/mania-260518/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260516/) - [RISING OIL AND YIELDS GETTING IN THE WAY OF DUAL STOCK MARKET MANIAS](https://blog.thearorareport.com/rising-oil-260515/) - [DUAL MANIAS IN TECH & OPTIONS](https://blog.thearorareport.com/dual-manias-260514/) - [HOT PPI – PROTECTION BAND CHANGE, PILING IN SEMIS ON NVIDIA’S HUANG JOINING TRUMP](https://blog.thearorareport.com/hot-ppi-260513/) - [HOT INFLATION DATA – A KEY TEST AHEAD, TRUMP’S IRAN COMMENT CATCHES STOCK MARKET’S ATTENTION](https://blog.thearorareport.com/hot-inflation-260512/) - [SEMI MANIA LEADER MICRON BENEFITS FROM SAMSUNG TROUBLE BUT MANIA HAMPERED BY RISING OIL](https://blog.thearorareport.com/semi-mania-260511/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/market-digest-260509/) - [DOUBLE MANIA DRIVES STOCK MARKET, BOMBING IS A ‘LOVE TAP,’ STRONG JOBS REPORT RAISES SPECTER OF RATE HIKE](https://blog.thearorareport.com/double-mania-260508/) - [WALL STREET CHASES IRAN DEAL PUMP INTO JOBS REPORT, CHINA PUMP AHEAD](https://blog.thearorareport.com/iran-deal-260507/) - [SEMI MANIA REACHES 2000 CRASH LEVEL, U.S. IRAN PROPOSAL DRIVES STOCKS AND BONDS HIGHER AND OIL LOWER](https://blog.thearorareport.com/soxl-260506/) - [BONDS IN DANGER ZONE BUT OBLIVIOUS MOMO CROWD BUYING ON IRAN CEASEFIRE HOLDING AFTER SKIRMISHES](https://blog.thearorareport.com/danger-zone-260505/) - [NEW IRAN DEVELOPMENTS TEMPER MOMO DRIVEN STOCK MARKET RALLY](https://blog.thearorareport.com/iran-developments-260504/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260502/) - [BLOWOUT EARNINGS FROM SANDISK AND WESTERN DIGITAL BUT STOCK REACTION IS A TELL, ‘MOST POPULAR EVER’ IPHONE](https://blog.thearorareport.com/iphone-260501/) - [HYPERSCALER CAPEX GROWTH REIGNITES SEMI MANIA, JOBLESS CLAIMS THIS LOW LAST SEEN IN 1969](https://blog.thearorareport.com/semi-mania-260430/) - [SEAGATE ASSUAGES OPENAI FEARS, NON-AI SEMI DEMAND, FIVE EARNINGS AHEAD WILL DETERMINE FATE OF THE MARKET](https://blog.thearorareport.com/openai-fears-260429/) - [SEMI MANIA BACK TRACKS ON OPENAI MISSING TARGETS, OIL RISES AWAITING TRUMP, U.A.E. QUITS OPEC](https://blog.thearorareport.com/openai-260428/) - [GREAT PROFITS ON AMD — WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/amd-260427/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260425/) - [IS INTEL NEXT NVIDIA AS AGENTIC AI INCREASES CPU DEMAND? STORAGE CRUNCH TO FORCE IRAN TO GIVE CONCESSIONS](https://blog.thearorareport.com/intel-260424/) - [MOMO CROWD PILES INTO LEVERAGED SEMIS, TANKER SEIZURES ESCALATE, SOFTWARE CRACKS, TESLA CAPEX SURGES](https://blog.thearorareport.com/tanker-seizures-260423/) - [STOCK MARKET MOMO CROWD GIDDY ON CEASEFIRE OBLIVIOUS TO IRAN HARDLINERS WINNING POWER STRUGGLE](https://blog.thearorareport.com/iran-260422/) - [INVESTORS CONVINCED OF IRAN DEAL BUT OBLIVIOUS TO POWER STRUGGLE, NEW APPLE OPPORTUNITY, AMAZON DEEPER IN AI](https://blog.thearorareport.com/amazon-260421/) - [HOW TO GENERATE OUTSIZED RETURNS WITH LOW RISK — THE ARORA REPORT’S NEAR PERFECT IRAN WAR CALLS SHOW YOU HOW](https://blog.thearorareport.com/iran-war-260420/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260418/) - [EXTREMELY AGGRESSIVE STOCK MARKET BUYING ON STRAIT OF HORMUZ OPENING, TRUMP SAYS INFLATION IS FAKE](https://blog.thearorareport.com/hormuz-opening-260417/) - [MASSIVE SHORT SQUEEZE LEADS STOCK MARKET TO NEW HIGHS – HERE IS WHAT IS AHEAD, SEMIS ARE A TELL](https://blog.thearorareport.com/semis-260416/) - [AVOID THE CLASSIC MISTAKE MANY INVESTORS ARE MAKING NOW – IRAN WAR ‘CLOSE TO OVER’](https://blog.thearorareport.com/iran-260415/) - [TRUMP COMMENT TRIGGERS MASSIVE SHORT SQUEEZE – STOCK MARKET DEEP INTO RESISTANCE ZONE; JPMORGAN WARNS OF RISKS](https://blog.thearorareport.com/jpmorgan-260414/) - [U.S.-IRAN ATTRITION GAME BEGINS – WHAT STOCK MARKET INVESTORS NEED TO KNOW; CONSUMER SENTIMENT HITS 74 YEAR LOW](https://blog.thearorareport.com/iran-260413/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260411/) - [PAY ATTENTION TO MYTHOS RISK, LOW VOLUME MELT UP, IGNORE HIGH INFLATION DATA, MARKET POSITIONING PRE-IRAN TALKS](https://blog.thearorareport.com/mythos-risk-260410/) - [UPSIDE SURPRISE ON IMPLANTABLE EYE LENS COMPANY STAAR SURGICAL (STAA) — WHAT YOU NEED TO KNOW — BUYOUT TARGET](https://blog.thearorareport.com/staar-surgical-260409/) - [DEPLOY CASH AND REDUCE HEDGES, SPECTACULAR RALLY LEADS STOCK MARKET TO RESISTANCE ZONE, INFLATION DATA AHEAD](https://blog.thearorareport.com/deploy-cash-260408/) - [BULLISH STOCK MARKET POSITIONING CONFRONTS ‘A WHOLE CIVILIZATION WILL PROBABLY DIE TONIGHT’](https://blog.thearorareport.com/iran-war-260407/) - [CEASEFIRE HOPIUM KEEPS STOCK MARKET ABOVE SUPPORT ZONE, IMPORTANT INFLATION DATA AHEAD](https://blog.thearorareport.com/hopium-260406/) - [WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW](https://blog.thearorareport.com/stock-market-260403/) - [STOCK MARKET AND MEDIA GOT TRUMP WRONG – NOW INVESTORS POSITIONED ON WRONG SIDE, HOLIDAY SCHEDULE](https://blog.thearorareport.com/investors-260402/) - [OPPORTUNITY IN SURGERY CENTER COMPANY SURGERY PARTNERS (SGRY) — A GREAT VALUE BUT A BIG STUMBLING BLOCK](https://blog.thearorareport.com/sgry-260401/) # # Detailed Content ## Posts - Categories: 0 - Tags: BTCUSD, GDX, GLD, GOLD, MARKETS, MU, OIL, QQQ, SILVER, SKHY, SLV, SNDK, SPX, SPY, STX, WDC By Nigam Arora To gain an edge, this is what you need to know today. Shocking Jobs Report Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows buying in the early trade in the stock market. The chart shows the stock market continues to levitate above zone 1 (support) after a technical breakout. This morning’s early stock buying is triggered by the following: Jobs report shocker Iran hopium Stabilization in South Korea The jobs report is a shocker as the economy lost jobs. Here are the details: Headlines nonfarm payrolls came at -23K vs 86K consensus. Private nonfarm payrolls came at 30K vs 69K consensus. Average hourly came at 0. 1% vs 0. 3% consensus. Unemployment came at 4. 1% vs 4. 2% consensus. Average work week came at 34. 3 vs. 34. 3 consensus. Of particular interest is that hourly wages rose by only 0. 1%. White collar wages have been pressured downwards by AI. At this time, it is not clear what is driving down hourly wage growth. The reason the stock market is celebrating the loss of jobs is the belief that this job number will prevent the Fed from raising rates. In The Arora Report analysis, prudent investors should have a broader perspective than just this jobs report. Inflation pressures are not only due to the Iran war but also due to demand that has been generated by massive capital spending on AI. Both the U. S. and Iran are sending positive signals that the end of the war is near. Iran hopium is bringing in buying in the stock market. Prudent investors should pay attention to the information that is coming out — it is concerning for investors in the long term. Iran and Oman are close to a deal in which traffic will flow one way close to Iran’s coast and the other way close to Oman’s coast. Apparently Iran will have the right to charge voluntary fees. Voluntary fees are oxymoronic but appear to be designed to appease President Trump, who does not want Iran to charge any fees. There are also reports that Iran wants to ban U. S. and Israeli ships from entering the Strait of Hormuz. In The Arora Report analysis, if the reports about the deal from Iran are correct, in spite of the U. S. declaring victory, the U. S. would be handing de facto control of the Strait of Hormuz to Iran. This will likely be negative for the stock market in the long term, but in the short term, the stock market will likely rally on any headline of a deal. The stock market in South Korea has stabilized. Lately, the U. S. stock market, especially semiconductor stocks, have been following the South Korean stock market. Stabilization in South Korea is bringing buying into U. S. semiconductor stocks, especially in memory stocks MU, SKHY, and SNDK as well as in disk drive stocks WDC and STX. Also adding to the positive sentiment is that yesterday SpaceX (SPCX) stock closed up over 6% instead of falling out of bed on the lockup expiration as confidently predicted by the media. As a member of The Arora Report, you have been ahead of the curve with our contrary spot on call. We wrote on July 22, well in advance of the lockup expiration: On August 6, $116B worth of SPCX stock will become eligible for selling. Short sellers see an opportunity. The estimate is that about 30% of tradeable SPCX shares are now sold short. Prudent investors should be careful about being influenced by the media. There is a fair probability that on August 6, SPCX stock could rally if a short squeeze starts, instead of falling big time as the media is predicting. Chinese investors are aggressively buying gold and silver ETFs in China. Chinese buying has lifted both gold and silver from technical support. The jobs report shocker is bringing in additional buying in the U. S. in gold ETF (GLD), silver ETF (SLV), and gold miner ETF (GDX). As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Apple (AAPL) and Meta (META). In the early trade, money flows are negative in Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Arora gold and silver ratings have just been updated. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7776 as of this writing. S&P 500 futures resistance levels are 7900 and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 168 points. Gold futures are at $4385, silver futures are at $64. 97, and oil futures are at $76. 77. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, BTCUSD, GOLD, JPM, MARKETS, OIL, QQQ, SILVER, SKHY, SNDK, SPY, SSNLF, WDC By Nigam Arora Hidden Margin Debt Danger Please click here for a chart of Sandisk (SNDK). Note the following: Sandisk (SNDK) is important because it has been a leading stock due to explosive NAND memory demand for AI. Sandisk also has been one of the momo crowd's favorite stocks. The chart shows SNDK stock rose rapidly until June 2026. The chart shows that SNDK dropped 57% from high to low. The chart shows that SNDK stock also rallied over the last few days when a huge stock market rally was triggered by the collapse of the $45B Situational Awareness Fund, which lost 67% in July. The chart shows that SNDK stock has dropped again after reporting earnings. To build the foundation, the history of SNDK is in order: SNDK was spun off from disk drive maker Western Digital (WDC) on February 21 2025. On February 21 2025, WDC stock closed at $51. 93, and SNDK closed at $50. 37 on a when-issued basis. On April 7 2025, intraday SNDK stock fell to $27. 89. Since then, WDC stock has traded as high as $799. 87 on June 18 2026, and SNDK stock has traded as high as $2354. 39 on June 22 2026. WDC stock has also been a leading stock, just like SNDK. SNDK earnings disappointed; here are the details: SNDK reported Q4 EPS of $39. 25 vs consensus $34. 51 and whisper number of about $38. SNDK reported Q4 revenue of $8. 97 B vs consensus $8. 39B and whisper number of about $9B. SNDK projects Q1 EPS of $44 - $46 vs consensus of $44. 21 and whisper number of about $50. SNDK sees Q1 revenue of $10. 3B - $10. 8B vs consensus of $10. 62B. Here is the most important point for investors: SNDK stock traded as low as $27. 89 not that long ago, and now for the next quarter SNDK is projecting EPS of $44 - $46. In little over a year from the low, SNDK is earning in one quarter more than the entire value of the company at the low. Just like SNDK, WDC also reported great earnings and great growth but still disappointed high expectations, here are the details: WDC reported EPS $3. 56 vs consensus of $3. 23 WDC reported Q4 revenue of $3. 75 B vs consensus of $3. 7B WDC projects Q1 EPS of $3. 85 - $4. 15 vs $3. 77 consensus. WDC sees Q1 revenue $4B - $4. 2B vs $4. 04B consensus. So far in the early trading, the stock market is not focusing on massive earnings growth at disk drive manufacturer WDC and NAND memory manufacturer SNDK, and insatiable demand for memory and disk drives for AI. The market is focusing on WDC and SNDK missing whisper numbers. SNDK is being punished with a drop of 10. 38% and WDC with a drop of 14. 48% in the premarket. As a The Arora Report member, you have been ahead of the curve. We have repeatedly warned when these stocks were trading near the highs that, due to a number of factors, these stocks were likely to drop. In The Arora Report analysis, here is an important observation that every AI investor needs to pay attention to. AAPL is a big NAND user. AAPL stock is trading at a forward P/E of about 34. 1, but SNDK stock is trading at a forward P/E of 5. 65 based on the price drop this morning. There is a huge dichotomy here. How this dichotomy is resolved will have a significant impact on the stock market. Most investors are missing the point — there can easily be 30% - 50% upside or downside in this market. The determining factor will be if AI-driven growth turns out to be secular or cyclical. For those who want next-level knowledge of this very important issue, listen to the podcast titled “THE NEXT PHASE OF AI: WHY WALL STREET GETS IT WRONG AND HOW EXCEPTIONAL INVESTORS STAY AHEAD PART 1”. The podcast in the Arora Ambassador Club. Given that 30% - 50% moves can occur in the stock market in the coming years in either direction, it is easy for the momo crowd. The reason is the momo crowd focuses only on the upside and stays oblivious to the downside, but for prudent investors who understand that risk and reward are two sides of the same coin, the potential large moves are difficult to handle. Fortunately for The Arora Report members, money can be made while controlling the risks, irrespective of whether the earnings turn out to be secular or cyclical by focusing on Arora Protection Band. Arora Protection Band is adaptive, i. e. , it changes itself with market conditions and is based on the ZYX Allocation Model with more than one hundred inputs across ten categories. In addition to the uncertainty about AI-driven earnings, prudent investors should also pay attention to margin debt and market structure issues. Regarding market structure, we have been sharing with you that lately the US market, especially semiconductor trade, has been following the South Korean stock market; prior to this shift, historically the South Korean market followed the US market. The South Korean market these days is primarily driven by two memory manufacturers, SK Hynix (SKHY) and Samsung (SSNLF). In The Arora Report analysis, the South Korean market is simply not big enough and also does not have the market structure to accommodate the two giant memory manufacturers and in turn volatility is carrying over into the U. S. stock market. Of special note is that overnight SK Hynix stock fell 30% in a flash crash in South Korea on the NextTrade exchange. In The Arora Report analysis, another danger that mainstream media is oblivious to is hidden margin debt. Now, the world's smartest banker, Jamie Dimon, CEO of JPMorgan Chase (JPM) is warning that hidden margin debt is very high and poses danger. Jobless claims came at 199K vs 200K consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA). In the early trade, money flows are neutral in Meta (META) and Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing light selling. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is slightly stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7750 as of this writing. S&P 500 futures resistance levels are 8000, 7900; support levels are 7700, 7318, 7194. DJIA futures are up 97 points. Gold futures are at $4297, silver futures are at $61. 42, and oil futures are at $76. 62. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMD, ANET, BTCUSD, DIS, GOLD, GOOG, GOOGL, LLY, MARKETS, NVDA, OIL, QQQ, SHOP, SILVER, SPCX, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Extreme Positive Sentiment Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that only five days ago the stock market touched the top band of zone 2 (support). The chart shows that since touching zone 2, the stock market has staged a strong rally, driving it to a new high. RSI on the chart shows the stock market is now overbought. Overbought markets tend to be vulnerable. The chart shows there is buying in the early trade. The rally from the top band of zone 2 was triggered by the collapse of the $45B Situational Awareness fund that lost 67% in July. Prudent investors should note that if it was not for the collapse of Situational Awareness, the stock market would likely have continued to go down instead of rallying. Prudent investors should also note that the main reason for the rally is a short squeeze. Also aiding the rally are hopium on Iran and good earnings. As good as earnings are, prudent investors need to be careful about the flawed narrative that momo gurus are loudly pumping. We previously wrote: Prudent investors pay attention. Momo gurus are touting 47% earnings growth this quarter so far this quarter based on reported earnings. In The Arora Report analysis, the headline is highly misleading. The reason is the large gains from equity investments in Amazon and Alphabet (GOOG, GOOGL) earnings need to be excluded to get a true picture. When these equity gains are excluded, the earnings growth this quarter is about 28% vs. 23% consensus. Earnings growth is strong, but nowhere near the misleading number momo gurus are touting. In The Arora Report analysis, the short squeeze is likely not done yet. This means the short squeeze can provide more fuel for a rally. Iran hopium can also provide more fuel for the stock market rally. However, investors need to be careful about Iran hopium. On one side, there is President Trump trying to find a way out with a sharp eye on the midterm election that is quickly approaching. On the other hand, there is Iran believing it has the upper hand. Even though the U. S. is saying there is great progress in talks with Iran, Iran is saying that the U. S. is not part of the negotiations and negotiations are taking place between Iran and Oman. Houthis have attacked a Saudi oil tanker in the Red Sea, but as of this writing, the stock market is ignoring it, putting weight on statements from the U. S. that a good deal with Iran is near. In The Arora Report analysis, investors should also be careful because stock market sentiment has quickly reached extreme positive. If sentiment had not reached extreme positive so quickly, it would have been easier to start tactical positions from the long side. Extreme positive sentiment is a contrary signal – in plain English this means sell. However, it is important to remember that sentiment is not a precise timing indicator. Investors need to look ahead beyond today’s bullishness in the stock market. September and October tend to be seasonally weak. Most stock market crashes occur in September and October. Midterm elections are ahead – historically the stock market goes through a weak period before the midterm election and then rallies after the election. Adding to the cross currents is good news for Nvidia (NVDA). Elon Musk’s SpaceX (SPCX) has exclusively chosen Nvidia’s Blackwell architecture. SpaceX will also use Nvidia chips for space data centers. SpaceX is targeting up to 10 GW of compute by 2027. The loser here is Nvidia competitor Advanced Micro Devices (AMD). In important earnings, earnings from Eli Lilly (LLY), Disney (DIS), Shopify (SHOP), and Arista Networks (ANET) are above consensus and whisper numbers. ADP is the largest payroll processor in the country. ADP uses its data to give an advanced glimpse of the jobs picture before the official jobs report on Friday. ADP employment change came at 44K vs. 75K consensus. In The Arora Report analysis, at this time the stock market likes weak employment because if employment is weak, it will be difficult for the Fed to raise rates. Prudent investors need to keep in mind that lately there has not been a good correlation between ADP data and the official U. S. data. ISM non-manufacturing index will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), and Meta (META). In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Tesla (TSLA). In the early trade, money flows are positive in S&P 500 ETF (SPY) and neutral Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. The trajectory of the stock market will depend on the course of the short squeeze. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a build of 2. 69M barrels vs. a consensus of a draw of 2M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7803 as of this writing. S&P 500 futures resistance levels are 7900 and 8000 : support levels are 7700, 7318, and 7194. DJIA futures are up 222 points. Gold futures are at $4223, silver futures are at $61. 95, and oil futures are at $75. 94. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: GH By Nigam Arora Guardant Health Inc. (GH), a cancer-detection company that The Arora Report recommended at an average price of $26. 34, is trading at $161. 26 as of this writing after jumping over 10% following the release of its second-quarter results, bringing the gain for members who followed the signal to approximately 512%. The magnitude of the gain naturally attracts attention, but serious investors should not look at Guardant Health simply as a stock that happened to rise several hundred percent. The more important lesson is how an investor can identify a major change early, before the change becomes obvious to Wall Street, before the favorable narrative becomes widely accepted, and before a stock’s success is repeatedly discussed in the financial media. That is what The Arora Report’s ZYX Change Method is designed to do. To learn about the six screens of the ZYX Change Method, please click here. Guardant Health Reports Strong Revenue Growth And Raises Guidance Guardant Health reported second-quarter revenue of $335 million, substantially ahead of the consensus estimate of approximately $314 million, while revenue increased 44% from the prior-year period. The company also raised its full-year 2026 revenue outlook to a range of $1. 34 billion to $1. 36 billion, compared with its prior outlook of $1. 30 billion to $1. 32 billion and the consensus estimate of approximately $1. 31 billion. Guardant Health continues to expect a full-year non-GAAP gross margin of 64% to 65%, but it increased its non-GAAP operating expense outlook to a range of $1. 08 billion to $1. 10 billion from the prior range of $1. 05 billion to $1. 07 billion. The company also increased its expected free-cash-flow burn to $195 million to $205 million from its previous projection of $185 million to $195 million. The higher spending and cash burn are important and should not be ignored, but investors also need to understand why they are increasing. According to the company, the revised outlook reflects accelerated investment in laboratory capacity to support rapid growth in Shield volume. Even after the increase, the projected cash burn represents an improvement from the $233 million Guardant Health reported for full-year 2025. Guardant Health also reported an adjusted loss of 42 cents per share, compared with the consensus estimate of a 39-cent loss. Why Revenue Matters More Than Earnings At This Stage In The Arora Report analysis, investors should not place excessive emphasis on the quarterly earnings number at this point in Guardant Health’s development because the company is still in a phase in which rapid revenue growth, expanding test volumes, successful commercialization, reimbursement, regulatory progress and the ability to build the infrastructure required to serve a much larger market are more important than maximizing near-term earnings. This does not mean that losses, operating expenses and cash burn do not matter. They matter a great deal, especially because companies that continually consume cash can eventually be forced to raise capital on unfavorable terms. However, when a company is addressing a large market and its products are gaining meaningful adoption, an increase in spending can be constructive when the spending is directed toward supporting demand that is already materializing. The distinction investors need to make is between a company spending more because its business model is not working and a company spending more because growth is occurring faster than previously expected. Guardant Health’s raised revenue guidance, 44% year-over-year revenue growth and investment in laboratory capacity to support Shield volumes indicate that the present increase in spending is connected to expansion, although investors should continue to closely monitor cash burn, gross margins and the pace at which increased revenue ultimately produces operating leverage. The company stated that growth was broad-based across its portfolio, with strong oncology volumes and acceleration across every product. Guardant Health also highlighted the FDA approval of Guardant360 Liquid CDx, which strengthens its portfolio and may support sustained growth over the coming years. Why The Arora Report Recommended GH When It Was Still Near $26 By the time most investors become excited about a stock, a substantial portion of the opportunity has often already passed because the favorable story has become well known, Wall Street analysts have raised their targets, the financial media has begun repeating the bullish narrative and investors who bought earlier are sitting on large gains. The Arora Report does not seek to wait for universal agreement before acting. The objective is to identify important change while it is still in its early stages and while the probabilities are beginning to shift, but before the shift is fully reflected in the stock price. The ZYX Change Method is based on the premise that money is made in the markets when investors correctly identify change before the crowd, whether that change is occurring in technology, consumer behavior, regulation, medical practice, capital spending, competitive positioning, management execution, institutional flows or investor psychology. In the case of Guardant Health, the opportunity was not based on a single earnings report or a sudden surge in enthusiasm for cancer-detection stocks. The opportunity developed from the possibility that advances in liquid biopsy, precision oncology and blood-based cancer screening could materially change how cancer is detected, monitored and treated. When The Arora Report recommended GH at an average price of $26. 34, the favorable outcome that investors now see in the stock price was far from certain. There were meaningful questions about commercialization, reimbursement, competition, regulatory execution, cash burn and whether Guardant Health could translate the scientific promise of its technology into a sufficiently large and durable business. Those risks did not disappear simply because The Arora Report recommended the stock. Successful investing does not require pretending that risks do not exist. It requires determining whether the potential reward is sufficiently large relative to the risks, whether the probabilities are moving in the right direction, and whether the position size is appropriate for the uncertainty. GH Was Identified In The First Stage Of The Trade The Arora Report’s framework recognizes five stages of a trade. To learn about the five stages of a long trade, please click here. The greatest potential rewards are often available in the first stage, when a major change is beginning but has not yet been broadly recognized. The first stage is also the most difficult because investors do not have the psychological comfort that comes from widespread agreement. The headlines may still be negative, the historical financial statements may not yet reflect the future opportunity, and many Wall Street analysts may remain focused on the company’s existing limitations rather than the change that could alter its trajectory. By the later stages, the company may have already demonstrated substantial growth, analysts may have become enthusiastic, institutional investors may have accumulated large positions and the stock may have appreciated significantly. At that point, the investment may appear safer because the story is more widely accepted, but the risk-reward may be considerably less attractive because the investor is paying a much higher price for that increased certainty. The Arora Report identified Guardant Health in the first stage of the trade, when the potential change was visible but had not yet been fully recognized or priced into the stock. The subsequent gain of approximately 512% demonstrates the potential advantage of identifying change early, but it is equally important to recognize that not every first-stage opportunity will succeed, which is why rigorous analysis, disciplined position sizing and risk control are essential parts of the process. Should Investors Buy GH After A 512% Gain? Investors who already own GH may consider continuing to hold the stock without a target at this time. The absence of a target does not mean the stock should be held regardless of what happens. It means that attempting to impose an arbitrary price objective on a rapidly evolving growth company may cause investors to sell prematurely when the underlying fundamentals and momentum remain favorable. At the same time, investors who do not already own GH should not assume that a strong earnings report and a 10% aftermarket jump automatically create an attractive entry point. Chasing a stock after a major gain can expose an investor to poor risk-reward, even when the company’s long-term prospects remain attractive. Those who are not in GH may consider waiting for a new signal. A new signal would take into account the stock’s price, momentum, investor positioning, broader market conditions, upcoming catalysts and the latest fundamental developments rather than relying only on the fact that the company has reported strong revenue growth. The Real Lesson From The 512% Gain It is tempting to look at a gain of 512% and conclude that the lesson is simply to find another cancer-detection company. That is not the lesson. The lesson is that large gains often develop when investors identify a consequential change early, understand why the change matters, take an appropriately sized position while uncertainty is still high, and then remain patient enough to allow the thesis to develop. Most investors do the opposite. They wait until a company has already produced exceptional results, the stock has already risen sharply and the bullish case has become comfortable and widely accepted. They then buy because the historical performance gives them confidence, even though the future risk-reward may no longer resemble the opportunity that existed at the beginning of the move. The purpose of the ZYX Change Method is to improve the odds of getting ahead of the crowd rather than following it. Investors can learn more about the ZYX Change Method and the five stages of a trade at TheAroraReport. com. Do Not Miss The Next Early-Stage Opportunity Blog readers are seeing the Guardant Health result after the stock has already produced a gain of approximately 512%, but members of ZYX Buy received the signal when GH was still in the first stage of the trade. The distinction is important. Reading about a successful investment after the gain has occurred may be educational, but receiving the analysis and signal while the opportunity is still developing is what gives an investor the ability to act. There will be other opportunities. There may also be another attractive opportunity to buy GH if the stock provides a favorable entry point, but investors who are not receiving the signals in real time may once again learn about the opportunity only after a significant portion of the move has already occurred. Investors who want to receive future ZYX Buy signals, including a potential new signal on GH when warranted by the probabilities, may start a free 30-day trial of ZYX Buy. The credit card is not charged during the 30-day trial, allowing investors to evaluate the service, review the analysis and experience the disciplined process used by The Arora Report before making a financial commitment. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMD, AZN, BMY, BTCUSD, GOLD, MARKETS, MU, OIL, QQQ, SILVER, SKHY, SNDK, SPCX, SPY, SSNLF, USO By Nigam Arora To gain an edge, this is what you need to know today. Falling Oil Please click here for a chart of oil ETF (USO). Note the following: Understanding the moves in oil are very important because they have been directly impacting bonds and moves in bonds in turn have been impacting the stock market. The chart shows the run up in oil when Iran war fear was at its peak. The chart shows a significant drop in oil when the U. S. and Iran started negotiating. The chart shows a low in oil on optimism about Iran after a Memorandum of Understanding (MoU) was signed. The chart shows a move up in oil on violations of the MoU. The chart shows a big move up in oil when President Trump threatened the biggest attack ever on Iran. Since then, instead of backing off, Iran has aggressively attacked U. S. bases in the region. The chart shows oil is falling this morning as President Trump has backed off not only from a major attack on Iran but also from responding to Iran’s attacks on U. S. bases. Negotiations are beginning today. Yields are backing off today for two reasons: A pullback in oil Massive joint intervention by the U. S. and Japan in forex market to support yen In the early trade, yields pulling back is bringing in buying in the stock market. Buying in the stock market in the early trade is being hampered by selling in the South Korean stock market overnight. Kospi fell 5. 12% overnight. Samsung Electronics (SSNLF) fell 8. 76%, and SK Hynix (SKHY) fell 8. 79%. Selling from South Korea is bringing in selling in semiconductor stocks in the U. S. in the early trade, especially impacted is Micron (MU) stock. Looking ahead, there are important earnings from Advanced Micro Devices (AMD) and SpaceX (SPCX) on Aug. 4 as well as Sandisk (SNDK) on Aug. 5. There is also expiration of the SPCX lockup. In major news, two pharma giants Bristol-Myers Squibb (BMY) and AstraZeneca (AZN) are in merger talks. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Nvidia (NVDA). In the early trade, money flows are positive in S&P 500 ETF (SPY) and negative in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** oil in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7563 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 719, and 7032 DJIA futures are up 691 points. Gold futures are at $4072, silver futures are at $57. 48, and oil futures are at $78. 78. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, AMZN, ASML, BE, BTCUSD, csco, CXMT, DIA, DJIA, ENPH, GDX, GLD, GOLD, GOOG, GOOGL, MARKETS, META, MSFT, MU, NVDA, OIL, QQQ, RDDT, RTX, SEDG, SFTBY, SILVER, SKHY, SLV, SOXL, SPCX, SPX, SPY, SSNLF, STX, TBF, TBT, TBX, TLT, TSLA, USO, VRT By Nigam Arora & Dr. Natasha Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' WONDER BOY BLOWUP SPARKS MASSIVE SEMICONDUCTOR RALLY, KOREA UP 18%; AMAZON HELPS, APPLE DISAPPOINTS Jul 31, 2026 To gain an edge, this is what you need to know today. Semiconductor Rally Please click here for a chart of leverage semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that drove the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows a massive rally in semiconductors yesterday. In yesterday’s Morning Capsule, we wrote: The chart shows selling in SOXL yesterday was on heavy volume. The reason for the heavy volume was that many momo crowd accounts were hit with margin calls and were forcibly liquidated. The heavy volume shown on the chart the day before yesterday resulted in exhaustion of selling. The massive rally yesterday shown on the chart was the result of the overhang of forced liquidations of momo crowd accounts lifted. As a member of The Arora Report, you were already ahead of the curve. Yesterday morning before the market open, we wrote: RSI on the chart shows SOXL is moving out of the oversold zone. This sets SOXL up for a potential bounce unless there are more margin calls and more momo accounts are liquidated. The last time a similar rally was seen was in 2001 after the internet bubble crashed. Here is the key question for investors: Will this semiconductor rally be sustained or peter out? The answer will come down to if momo accounts that have been on the verge of liquidation have already been liquidated or if more liquidations are still ahead. In The Arora Report analysis, the big rally, at a minimum, has postponed more liquidations. The chart shows that there is more aggressive buying in semiconductors this morning. A high profile hedge fund in which all publicly traded securities were sold to Citadel, essentially a liquidation, was ironically named Situational Awareness – the fund does not appear to have awareness of the risk it was taking by buying momentum AI stocks on 4:1 leverage. The fund was run by 25 year old Leopold Aschenbrenner who had amassed $45B of assets. When the momentum turned, Situational Awareness lost 67% in July. Aschenbrenner had no prior professional investing experience before starting the fund two years ago. He was a quintessential momo crowd guru. In addition to the U. S. , a large number of momo accounts were forcibly liquidated in South Korea. To deal with the stock market drop, the South Korean government announced a variety of measures including their sovereign wealth fund injecting $13. 9B in AI. As the overhang of forced liquidations lifted, the Kopsi index in South Korea ran up 18% for the day. Samsung Electronics (SSNLF) was up 27% for the day and SK Hynix (SKHY) jumped 30%. It was the biggest one day jump in SK Hynix stock since the company went public in the 1990’s. Amazon stock (AMZN) jumped after earnings. Many less knowledgeable retail investors did not realize that the reported income included investment gains and acted on the headline. Many Wall Street algos also appear to have acted on the headline. Here are the details: Amazon reported EPS of $5. 75 vs. $1. 82 consensus. Amazon reported revenue of $200. 6B vs. $196. 43B consensus. AWS sales were $42. 23B vs. $30. 87B last year. This was the fastest growth for AWS in 18 quarters. AWS is the computing arm of Amazon. Amazon will spend $220B on capex. The stock market got excited about Amazon when Amazon said that AWS could become a $1T business. This $1T forecast brought more buying into semiconductors after hours. Apple stock (AAPL) had run up going into earnings for two reasons: Whisper numbers continued to move up. The narrative changed from Apple being a laggard in AI to a good thing that Apple was not spending capex on AI. Apple earnings disappointed. Here are the details: Apple reported earnings of $2. 02 vs. $1. 89 consensus. Whisper numbers were over $2. 10. Apple reported revenue of $109. 4B vs. $108. 96B consensus. Whisper numbers were over $111B. For Q4 Apple sees revenue of $111. 7B - $113. 7B vs. $114. 95B consensus. The issue with Apple is it is facing supply constraints. Apple’s supply constraints brought in more buying in semiconductors after hours. Investors need to be discerning as AI can be a double edge sword. Reddit (RDDT) is a perfect example. RDDT reported earnings better than consensus and whisper numbers, but the stock is down about 15% as of this writing in the premarket. Reddit is benefiting from payments from Google (GOOG, GOOGL) for using Reddit data to train its AI. On the other hand, AI is answering people’s questions. As such, people do not need to go to Reddit to get answers. Reddit is seeing a sequential decline in daily average users. There have been rumors that Tesla (TSLA) is looking at separating its China business to prepare for a Tesla merger with SpaceX (SPCX). Elon Musk is denying the rumors. Today is a Friday. Short sellers will be covering to reduce risk ahead of the weekend, and longs will be selling to reduce risk from adverse developments in the Middle East over the weekend. As a result of these two crosscurrents, whichever way the stock market starts going, Wall Street machines will jump in the same direction, exaggerating the move. The yield on U. S. Treasuries is stubbornly staying elevated, currently at 5. 228% as of this writing, on concerns that the Fed, under new Chair Warsh, has fallen behind the curve. University of Michigan Consumer sentiment will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Japan, the U. S. , and South Korea intervened in forex markets to support the yen. To cement the gains in the yen, the Bank of Japan (BOJ) needed to raise interest rates, but BOJ decided to leave its policy rate unchanged at 1%. Prudent investors pay attention to Japan because of the carry trade. In the carry trade, funds have borrowed hundreds of billions of dollars in Japan to invest in the U. S. primarily in the AI trade. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is indeterminable due to noise in the data. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7486 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 188 points. Gold futures are at $4071, silver futures are at $57. 97, and oil futures are at $85. 46. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. SAMSUNG PROFITS SURGE 1300%; 30 YEAR BOND YIELD HIGHEST SINCE 2007; MOMO’S FAVORITE SEMI ETF LOSES 70% Jul 30, 2026 To gain an edge, this is what you need to know today. Egypt Fear Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that drove the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that from the recent high made in June, SOXL lost 70% to yesterday’s close. The chart shows SOXL made a lower low yesterday. The chart shows selling in SOXL yesterday was on heavy volume. The reason for the heavy volume was that many momo crowd accounts were hit with margin calls and were forcibly liquidated. RSI on the chart shows SOXL is moving out of the oversold zone. This sets SOXL up for a potential bounce unless there are more margin calls and more momo accounts are liquidated. A big driver of the stock market has been demand for DRAM memory. Most of the DRAM market is controlled by three companies: Micron (MU), SK Hynix (SKHY), and Samsung (SSNLF). Previously, Micron reported outstanding earnings, better than whisper numbers, but MU stock fell. SK Hynix reported earnings lower than whisper numbers and consensus, and the stock fell. Overnight, Samsung is reporting outstanding earnings. Here are the details: Samsung net profit for the quarter came at 71. 625T South Korean won vs. 70. 17T won consensus. This is about a 1300% rise year-over-year. Q2 revenue came at 171. 5T won vs. 74. 6T won last year. Samsung expects memory demand to stay robust to 2028. The chart shows that SOXL is moving up in the early trade this morning. The trigger is outstanding Samsung earnings. Microsoft (MSFT) reported outstanding earnings better than the consensus. Here are the details: Microsoft Q4 EPS came at $4. 74 vs. $4. 24 consensus. Microsoft Q4 revenue came at $90. 01B vs. $87. 63B consensus. Microsoft sees fiscal Q1 revenue of $89. 85B - $90. 95B vs. $89. 69B consensus. Microsoft sees 2026 capex of $175B vs. $190B prior. This is due to an accounting change of estimating the useful life of datacenters from 15 years to 25 years. Azure revenue exceeded $100B for the first time. Microsoft 365 Copilot now has 30M paid users. Meta (META) earnings disappointed. Here are the details: Meta reported EPS of $6. 18 vs. $7. 22 consensus. Meta reported revenue of $60. 8B vs. $60. 29B consensus. Meta sees Q3 revenue of $61B - $64B vs. $63. 24B consensus. Meta sees capex for the year of $130B - $145B. The stock market is oblivious but prudent investors should pay attention to a drone attack on two ships near Suez Canal in Egypt. This is raising the prospect of a wider war. Prudent investors should especially note that the 30 year bond yield earlier today hit 5. 244%. This is the highest yield since 2007. After lower PCE data, the yield has pulled back to 5. 211% as of this writing. One of the concerns is that if the 30 year yield continues to rise and the Fed does not raise rates, the Fed will lose credibility. PCE is the Fed's favorite inflation gauge. PCE is contained. Here are the details: PCE came at -0. 1% vs. -0. 1% consensus. Core PCE came at 0. 1% vs. 0. 2% consensus. GDP data is concerning. Here are the details: Q2 GDP Adv. came at 1. 5% vs. 2. 3% consensus. Q2 Deflator Adv. came at 6. 3% vs. 3. 7% consensus. The U. S. economy is 70% consumer based. For this reason, prudent investors pay attention to personal income and personal spending. Just released personal income and spending data is weaker. Here are the details of the new personal income and spending data: Personal income came at 0. 2% vs. 0. 3% consensus. Personal spending came at 0. 3% vs. 0. 4% consensus. Initial jobless claims came at 197K vs. 203K consensus. This indicates the jobs picture continues to stay strong in spite of AI related layoffs. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Alphabet (GOOG). In the early trade, money flows are negative in Apple (AAPL) and Meta (META). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7402 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 245 points. Gold futures are at $4097, silver futures are at $58. 14, and oil futures are at $84. 09. TRUMP BANS CHINESE HUMANOID ROBOTS; MICRON COMPETITOR SK HYNIX CREATES VOLATILITY; FED RISK Jul 29, 2026 To gain an edge, this is what you need to know today. Fed Decision Ahead Please click here for a chart of SK Hynix stock (SKHY). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of SKHY stock is being used to illustrate the point. South Korea’s SK Hynix is one of the world’s three largest memory makers. It competes with Micron (MU) and recently listed its stock in the U. S. The chart is an hourly chart to give you a better picture. The chart shows that after the recent U. S. IPO, SKHY traded as high as $194. 80, and as the chart shows, has now pulled back to $128. 45 as of this writing in the premarket. This range gives you an idea of the extreme volatility since the U. S. listing. The chart shows SKHY has traded as low as $113. 70 and as high as $132. 10 in the early trade this morning. This range gives you an idea of the extreme volatility today. SK Hynix reported outstanding earnings but still less than consensus and significantly less than whisper numbers. Here are the details: SK Hynix reported operating income of 61T Korean won vs. 64T won consensus. The reported operating income is up 257% year-over-year. SK Hynix reported revenue of 79T won vs. 84T won consensus. In South Korea, SK Hynix shares at one point were down about 20% but recovered to close down 9. 6%. Adding to the negative sentiment is that momo crowd darling Vertiv Holdings (VRT) reported revenue of $3. 27B vs. $3. 38B consensus. Vertiv is a leader in providing cooling to AI datacenters. On the positive side, disk drive maker Seagate (STX) reported earning better than consensus and whisper numbers. Here are the details: Seagate reported earnings $5. 71 vs. $5. 10 consensus. Seagate reported revenue of $3. 63B vs. $3. 5B consensus. Seagate guides fiscal Q1 EPS of $7. 10 - $7. 50 vs. $5. 85 consensus. Seagate guides Q1 revenue of $4. 0B - $4. 2B vs. $3. 78B consensus. The Trump administration has taken a major step to protect U. S. production of humanoid robots and power inverters. The import of Chinese humanoid robots and connective inverters is being banned. Tesla (TSLA) is a beneficiary as it is a major manufacturer of humanoid robots. On the inverter side, Enphase Energy (ENPH) and SolarEdge Technologies (SEDG) are beneficiaries. As a full disclosure, there is a signal on SEDG in ZYX Buy. Speculation will build if the U. S. will also ban Chinese large language models that compete with OpenAI and Anthropic. For those wanting next level knowledge, there are podcasts in Arora Ambassador Club. There is additional volatility in the stock market ahead of the Fed’s rate decision that will be announced at 2pm ET. The momo crowd’s pattern is to buy ahead of the Fed decision on hopium. This morning, the momo crowd’s pattern is punctuated by earnings from SK Hynix, Seagate, and fuel cell company Bloom Energy (BE). On the negative side, in a surprise, Iran attacked U. S. forces in Jordan. Iran linked Iraqi groups attacked Saudi oil installations. Oil is rising as a result of these attacks. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Alphabet (GOOG) and Microsoft (MSFT). In the early trade, money flows are neutral in Amazon (AMZN), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7456 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 424 points. Gold futures are at $4016, silver futures are at $57. 36, and oil futures are at $84. 73. CHINA BREAKTHROUGH CAUSES SELLING IN KOREA AND IN TURN SELLING IN U. S. SEMICONDUCTORS, FED RISK Jul 28, 2026 To gain an edge, this is what you need to know today. U. S. Semiconductors Following South Korea Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that drove the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that SOXL is now making lower lows in the early trade. This is a negative. The chart shows that the rally from the July 17 low failed at the low band of zone 2 (resistance). This is a negative. RSI on the chart shows that semiconductors are very oversold. Oversold conditions often lead to a bounce. We have been sharing with you that lately semiconductors in the U. S. have been following the South Korean market. Today is no different. Overnight, South Korea’s Kospi index was down 10%. Semiconductors in the U. S. are falling in the early trade, as shown on the chart. Investors need to remember that until recently, the South Korean stock market followed the U. S. stock market. As a member of The Arora Report, you have been way ahead of the curve. We have been sharing with you for a while that competition was going to come from China in memory and the stock market was oblivious. Overnight, the South Korean stock market fell because the market woke up to there being competition from China after being oblivious for a long time. Yesterday we shared with you that Chinese memory maker CXMT rose 466% on its first day after IPO. The success of the CXMT IPO has turned out to be the trigger to wake up the market to the threat of competition from China. As a member of The Arora Report, you have also been way ahead of the curve on a second front that the stock market had been obvious until now. We have long shared with you that an essential technology for the production of modern sophisticated AI chips is extreme ultraviolet lithography. We have been sharing with you that a Dutch company ASML (ASML) holds a near monopoly, but Chinese companies were attempting to produce their own machines. Now, the stock market is waking up to the fact that China will produce its own machines. In The Arora Report analysis, at least for today, the stock market is over estimating the China threat on extreme ultraviolet lithography in the near term. In The Arora Report analysis, in the near term, Chinese machines are not likely to be sophisticated enough to produce high end chips. The stock market is doing what it often does – stay oblivious to a new development for a long time and then all of a sudden wakes up and overreact. The reason for this phenomenon is the dominance of the momo crowd driven by momo gurus. The momo crowd does not do any deep analysis and is simply driven by greed and fear. Momo gurus’ real job is to run up the stocks in the guise of analysis, so they never share any negative news even when they are aware of it. After the momo crowd, the technical analysis crowd is the most dominant in the stock market. The fact is many fundamental analysts are closet chartists. The technical analysis crowd does not understand that traditional technical analysis no longer works well. Please click here to see the reasons. Also adding to concern is circular financing in AI. Again, as a member of The Arora Report, you have been ahead of the curve. The Arora Report has been warning about circular financing for a couple of years and sharing similarities to vendor financing before the 2000 crash. To be successful in the next phase of AI, investors need to change how they think about AI. Knowing how to think correctly will help investors extract more out of the markets from the Arora signals. For those who are interested in next level information, part 1 of a new series titled “THE NEXT PHASE OF AI: WHY WALL STREET GETS IT WRONG AND HOW EXCEPTIONAL INVESTORS STAY AHEAD” is live in Arora Ambassador Club. If semiconductors do not bounce after the regular session open, expect momo accounts to be hit with margin calls and forced liquidations. The FOMC meeting starts today and a rate decision will be announced tomorrow at 2pm ET. Not long ago, the consensus was the Fed would leave interest rates unchanged, but the macro picture has changed. In The Arora Report analysis, if the Fed were to make a cold, hard decision based solely on data, the Fed should raise interest rates. On the flip side, the Fed is under intense pressure from President Trump to cut interest rates. Investors should consider this Fed meeting live and know that there is a fair probability of a surprise tomorrow. This probability has already been taken into account in the Arora Protection Band, again putting you ahead of the curve. On the positive side for the stock market, Oman is proposing joint control of the Strait of Hormuz with Iran. Under this proposal, paying a fee to pass through the Strait of Hormuz will be voluntary. In The Arora Report analysis, this is a major breakthrough and has the potential of resolving the Iran war. The reason is that making the fee voluntary would allow President Trump to declare victory and say he made sure there are no fees to pass through the Strait of Hormuz. It would also allow Iran to declare victory by saying they won on their main issue of imposing fees for passage through the Strait of Hormuz. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Apple (AAPL). In the early trade, money flows are negative in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and negative in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7456 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 482 points. Gold futures are at $4032, silver futures are at $57. 60, and oil futures are at $81. 23. AGGRESSIVE STOCK BUYING ON NVIDIA BACKING MASSIVE OPENAI DATA CENTER AND TRUMP PAUSING IRAN ATTACKS Jul 27, 2026 To gain an edge, this is what you need to know today. Aggressive Stock Buying Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows QQQ is bouncing off of the top band of zone 2 (support). The chart shows zone 1 (resistance). The consensus wisdom on Wall Street is that this year, QQQ will break above zone 1. For a longer term perspective, from the chart take a measure of how far QQQ has come from the Arora buy signals shown on the chart. This morning in the early trade, there is aggressive buying in QQQ which represents mostly tech stocks. The buying is especially aggressive in semiconductor stocks and other stocks that are part of the AI trade. The buying is triggered by news that Nvidia (NVDA) is looking at supporting a massive AI data center for OpenAI in Ohio with a $250B backstop. If consummated, this will be one of the largest financial transactions in AI’s history. The project would cost over $500B excluding the chips. The project is being developed by Japan’s Softbank (SFTBY). The power for the project will be funded by Japan under a trade deal that President Trump previously promoted. The power will be controlled by the U. S. government. Nvidia is also in talks to finance as much as $350B of Nvidia chip purchases by OpenAI. In The Arora Report analysis, there are two important implications for investors: The fact that Nvidia is willing to finance perhaps the most ambitious AI project to date, shows Nvidia’s confidence that capex on AI will produce great returns. This implication is what is driving aggressive buying of AI stocks this morning. There is also a negative implication of circular financing that the stock market is ignoring for the time being. In circular financing, Nvidia would count $350B in sales to OpenAI, but OpenAI would not be paying for these chips out of its own pocket as the purchase will be financed by Nvidia. The net result is that Nvidia gets no immediate cash for the sale. Investors need to remember that this is the type of circular financing that, in part, lead to the 2000 crash of internet stocks and massive losses for investors in the darlings of the day such as Cisco (CSCO), Northern Telecom (symbol at the time NT), Lucent (symbol at the time LU), and JDS Uniphase (symbol at that time JDSU). In addition to the Nvidia news, aggressive stock buying in the early trade is due to President Trump deciding to stop attacking Iran after 13 days of attacks. There is speculation that the reason for stopping the attacks is a shortage of defensive munitions, such as Patriot missiles, to defend against Iran’s counterattacks. RTX, the maker of Patriot missiles, is in the ZYX Buy Model Portfolio and the position has large gains. However, President Trump is denying a shortage of munitions and states that the U. S. has a stock pile of vast quantities of munitions. Adding to the positive sentiment is the IPO of CXMT in China. The IPO soared 466% on its first day, and thus became the most valuable stock in China with a valuation of $484B. CXMT is a producer of semiconductor memory and had 8% global market share in 2025. In The Arora Report analysis, investors should carefully watch how the U. S. government responds to Apple’s (AAPL) attempts to buy memory from CXMT. If Apple gets permission, it will be negative for Micron stock (MU). In such an event, The Arora Report is likely to issue a signal to completely hedge the MU position in ZYX Buy and issue a short sell signal on MU in ZYX Short. In ZYX Buy, MU is long from an average of $21. 77. It is trading at $938. 11 as of this writing in the premarket, representing a gain of 4209%. As a major milestone, SpaceX (SPCX) launched a successful test flight of Starship. This is the first successful launch of Starship since the SPCX IPO. Over the weekend, momo gurus were pumping SPCX stock and expectations were for SPCX stock to go higher in the early trade. Instead, SPCX is seeing aggressive selling in the early trade as more and more investors are becoming aware of the upcoming massive unlock. You have been ahead of the curve. We wrote on July 22: Since SpaceX (SPCX) has been added to several indexes, prudent investors should prepare for the volatility caused by a massive unlock of previously restricted shares. On August 6, $116B worth of SPCX stock will become eligible for selling. Short sellers see an opportunity. The estimate is that about 30% of tradeable SPCX shares are now sold short. Prudent investors should be careful about being influenced by the media. There is a fair probability that on August 6, SPCX stock could rally if a short squeeze starts, instead of falling big time as the media is predicting. Durable orders data is cooler than expected. Here are the details: Durable orders came in at 0. 4? % vs 2. 0% consensus. Durable orders ex-transportation came at 0. 6% vs 0. 9% consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7513 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 603 points. Gold futures are at $4086, silver futures are at $59. 26, and oil futures are at $84. 04. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. Dr. Natasha Arora Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals. - Categories: 0 - Tags: AAPL, AMZN, BTCUSD, GOLD, GOOG, GOOGL, MARKETS, OIL, QQQ, RDDT, SILVER, SKHY, SOXL, SPCX, SPY, SSNLF, TSLA By Nigam Arora To gain an edge, this is what you need to know today. Semiconductor Rally Please click here for a chart of leverage semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that drove the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows a massive rally in semiconductors yesterday. In yesterday’s Morning Capsule, we wrote: The chart shows selling in SOXL yesterday was on heavy volume. The reason for the heavy volume was that many momo crowd accounts were hit with margin calls and were forcibly liquidated. The heavy volume shown on the chart the day before yesterday resulted in exhaustion of selling. The massive rally yesterday shown on the chart was the result of the overhang of forced liquidations of momo crowd accounts lifted. As a member of The Arora Report, you were already ahead of the curve. Yesterday morning before the market open, we wrote: RSI on the chart shows SOXL is moving out of the oversold zone. This sets SOXL up for a potential bounce unless there are more margin calls and more momo accounts are liquidated. The last time a similar rally was seen was in 2001 after the internet bubble crashed. Here is the key question for investors: Will this semiconductor rally be sustained or peter out? The answer will come down to if momo accounts that have been on the verge of liquidation have already been liquidated or if more liquidations are still ahead. In The Arora Report analysis, the big rally, at a minimum, has postponed more liquidations. The chart shows that there is more aggressive buying in semiconductors this morning. A high profile hedge fund in which all publicly traded securities were sold to Citadel, essentially a liquidation, was ironically named Situational Awareness – the fund does not appear to have awareness of the risk it was taking by buying momentum AI stocks on 4:1 leverage. The fund was run by 25 year old Leopold Aschenbrenner who had amassed $45B of assets. When the momentum turned, Situational Awareness lost 67% in July. Aschenbrenner had no prior professional investing experience before starting the fund two years ago. He was a quintessential momo crowd guru. In addition to the U. S. , a large number of momo accounts were forcibly liquidated in South Korea. To deal with the stock market drop, the South Korean government announced a variety of measures including their sovereign wealth fund injecting $13. 9B in AI. As the overhang of forced liquidations lifted, the Kopsi index in South Korea ran up 18% for the day. Samsung Electronics (SSNLF) was up 27% for the day and SK Hynix (SKHY) jumped 30%. It was the biggest one day jump in SK Hynix stock since the company went public in the 1990’s. Amazon stock (AMZN) jumped after earnings. Many less knowledgeable retail investors did not realize that the reported income included investment gains and acted on the headline. Many Wall Street algos also appear to have acted on the headline. Here are the details: Amazon reported EPS of $5. 75 vs. $1. 82 consensus. Amazon reported revenue of $200. 6B vs. $196. 43B consensus. AWS sales were $42. 23B vs. $30. 87B last year. This was the fastest growth for AWS in 18 quarters. AWS is the computing arm of Amazon. Amazon will spend $220B on capex. The stock market got excited about Amazon when Amazon said that AWS could become a $1T business. This $1T forecast brought more buying into semiconductors after hours. Apple stock (AAPL) had run up going into earnings for two reasons: Whisper numbers continued to move up. The narrative changed from Apple being a laggard in AI to a good thing that Apple was not spending capex on AI. Apple earnings disappointed. Here are the details: Apple reported earnings of $2. 02 vs. $1. 89 consensus. Whisper numbers were over $2. 10. Apple reported revenue of $109. 4B vs. $108. 96B consensus. Whisper numbers were over $111B. For Q4 Apple sees revenue of $111. 7B - $113. 7B vs. $114. 95B consensus. The issue with Apple is it is facing supply constraints. Apple’s supply constraints brought in more buying in semiconductors after hours. Investors need to be discerning as AI can be a double edge sword. Reddit (RDDT) is a perfect example. RDDT reported earnings better than consensus and whisper numbers, but the stock is down about 15% as of this writing in the premarket. Reddit is benefiting from payments from Google (GOOG, GOOGL) for using Reddit data to train its AI. On the other hand, AI is answering people’s questions. As such, people do not need to go to Reddit to get answers. Reddit is seeing a sequential decline in daily average users. There have been rumors that Tesla (TSLA) is looking at separating its China business to prepare for a Tesla merger with SpaceX (SPCX). Elon Musk is denying the rumors. Today is a Friday. Short sellers will be covering to reduce risk ahead of the weekend, and longs will be selling to reduce risk from adverse developments in the Middle East over the weekend. As a result of these two crosscurrents, whichever way the stock market starts going, Wall Street machines will jump in the same direction, exaggerating the move. The yield on U. S. Treasuries is stubbornly staying elevated, currently at 5. 228% as of this writing, on concerns that the Fed, under new Chair Warsh, has fallen behind the curve. University of Michigan Consumer sentiment will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Japan, the U. S. , and South Korea intervened in forex markets to support the yen. To cement the gains in the yen, the Bank of Japan (BOJ) needed to raise interest rates, but BOJ decided to leave its policy rate unchanged at 1%. Prudent investors pay attention to Japan because of the carry trade. In the carry trade, funds have borrowed hundreds of billions of dollars in Japan to invest in the U. S. primarily in the AI trade. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7486 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 188 points. Gold futures are at $4071, silver futures are at $57. 97, and oil futures are at $85. 46. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, META, MSFT, MU, OIL, QQQ, SILVER, SKHY, SOXL, SPY, SSNLF, TBF, TBT, TBX, TLT By Nigam Arora To gain an edge, this is what you need to know today. Egypt Fear Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that drove the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that from the recent high made in June, SOXL lost 70% to yesterday’s close. The chart shows SOXL made a lower low yesterday. The chart shows selling in SOXL yesterday was on heavy volume. The reason for the heavy volume was that many momo crowd accounts were hit with margin calls and were forcibly liquidated. RSI on the chart shows SOXL is moving out of the oversold zone. This sets SOXL up for a potential bounce unless there are more margin calls and more momo accounts are liquidated. A big driver of the stock market has been demand for DRAM memory. Most of the DRAM market is controlled by three companies: Micron (MU), SK Hynix (SKHY), and Samsung (SSNLF). Previously, Micron reported outstanding earnings, better than whisper numbers, but MU stock fell. SK Hynix reported earnings lower than whisper numbers and consensus, and the stock fell. Overnight, Samsung is reporting outstanding earnings. Here are the details: Samsung net profit for the quarter came at 71. 625T South Korean won vs. 70. 17T won consensus. This is about a 1300% rise year-over-year. Q2 revenue came at 171. 5T won vs. 74. 6T won last year. Samsung expects memory demand to stay robust to 2028. The chart shows that SOXL is moving up in the early trade this morning. The trigger is outstanding Samsung earnings. Microsoft (MSFT) reported outstanding earnings better than the consensus. Here are the details: Microsoft Q4 EPS came at $4. 74 vs. $4. 24 consensus. Microsoft Q4 revenue came at $90. 01B vs. $87. 63B consensus. Microsoft sees fiscal Q1 revenue of $89. 85B - $90. 95B vs. $89. 69B consensus. Microsoft sees 2026 capex of $175B vs. $190B prior. This is due to an accounting change of estimating the useful life of datacenters from 15 years to 25 years. Azure revenue exceeded $100B for the first time. Microsoft 365 Copilot now has 30M paid users. Meta (META) earnings disappointed. Here are the details: Meta reported EPS of $6. 18 vs. $7. 22 consensus. Meta reported revenue of $60. 8B vs. $60. 29B consensus. Meta sees Q3 revenue of $61B - $64B vs. $63. 24B consensus. Meta sees capex for the year of $130B - $145B. The stock market is oblivious but prudent investors should pay attention to a drone attack on two ships near Suez Canal in Egypt. This is raising the prospect of a wider war. Prudent investors should especially note that the 30 year bond yield earlier today hit 5. 244%. This is the highest yield since 2007. After lower PCE data, the yield has pulled back to 5. 211% as of this writing. One of the concerns is that if the 30 year yield continues to rise and the Fed does not raise rates, the Fed will lose credibility. PCE is the Fed's favorite inflation gauge. PCE is contained. Here are the details: PCE came at -0. 1% vs. -0. 1% consensus. Core PCE came at 0. 1% vs. 0. 2% consensus. GDP data is concerning. Here are the details: Q2 GDP Adv. came at 1. 5% vs. 2. 3% consensus. Q2 Deflator Adv. came at 6. 3% vs. 3. 7% consensus. The U. S. economy is 70% consumer based. For this reason, prudent investors pay attention to personal income and personal spending. Just released personal income and spending data is weaker. Here are the details of the new personal income and spending data: Personal income came at 0. 2% vs. 0. 3% consensus. Personal spending came at 0. 3% vs. 0. 4% consensus. Initial jobless claims came at 197K vs. 203K consensus. This indicates the jobs picture continues to stay strong in spite of AI related layoffs. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Alphabet (GOOG). In the early trade, money flows are negative in Apple (AAPL) and Meta (META). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7402 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 245 points. Gold futures are at $4097, silver futures are at $58. 14, and oil futures are at $84. 09. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: SEDG By Nigam Arora Trump China Ban Previously, we shared with you that President Trump was banning the import of connected inverters from China. President Trump has banned the import of connected inverters from China. China has been dumping inverters at a low cost. The purpose of the ban is to protect the U. S. industry. Inverter company Solaredge Technologies Inc (SEDG) is a beneficiary. Pivot To AI Data Centers Traditionally, SEDG has provided inverters to solar power. However, SEDG is pivoting to provide inverters for AI Data Centers. This is a huge opportunity for SEDG. Buy Signal Previously, a buy signal was given to The Arora Report paying members of ZYX Buy Change Alert. To see the buy zone and recommended position size, click here to take a free 30 day trial to ZYX Change Alert. Earnings Ahead SEDG will report earnings on August 5 before the open. The momo crowd tends to buy before earnings because they focus on potential upside and do not factor in risk. The reality is that earnings are a risk event, both to the upside and the downside. The Arora Report members are part of the smart money. Smart money tends to reduce risk ahead of earnings. SEDG can be very volatile on earnings. The projected downside is $28. 00 - $32. 00. The stock is trading at $38. 65 as of this writing. The projected upside is $56. 00 - $64. 00, but the stock can easily experience a short squeeze that can carry the stock as high as $80. 00. Favorable Risk Reward Even though the risk/reward is favorable, it will be important for anyone who has taken this trade to consider reducing the position size to 10% or less prior to earnings based on their personal risk preference. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ASML, BTCUSD, CXMT, GOLD, MARKETS, OIL, QQQ, SILVER, SOXL, SPY By Nigam Arora To gain an edge, this is what you need to know today. U. S. Semiconductors Following South Korea Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that drove the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that SOXL is now making lower lows in the early trade. This is a negative. The chart shows that the rally from the July 17 low failed at the low band of zone 2 (resistance). This is a negative. RSI on the chart shows that semiconductors are very oversold. Oversold conditions often lead to a bounce. We have been sharing with you that lately semiconductors in the U. S. have been following the South Korean market. Today is no different. Overnight, South Korea’s Kospi index was down 10%. Semiconductors in the U. S. are falling in the early trade, as shown on the chart. Investors need to remember that until recently, the South Korean stock market followed the U. S. stock market. As a member of The Arora Report, you have been way ahead of the curve. We have been sharing with you for a while that competition was going to come from China in memory and the stock market was oblivious. Overnight, the South Korean stock market fell because the market woke up to there being competition from China after being oblivious for a long time. Yesterday we shared with you that Chinese memory maker CXMT rose 466% on its first day after IPO. The success of the CXMT IPO has turned out to be the trigger to wake up the market to the threat of competition from China. As a member of The Arora Report, you have also been way ahead of the curve on a second front that the stock market had been obvious until now. We have long shared with you that an essential technology for the production of modern sophisticated AI chips is extreme ultraviolet lithography. We have been sharing with you that a Dutch company ASML (ASML) holds a near monopoly, but Chinese companies were attempting to produce their own machines. Now, the stock market is waking up to the fact that China will produce its own machines. In The Arora Report analysis, at least for today, the stock market is over estimating the China threat on extreme ultraviolet lithography in the near term. In The Arora Report analysis, in the near term, Chinese machines are not likely to be sophisticated enough to produce high end chips. The stock market is doing what it often does – stay oblivious to a new development for a long time and then all of a sudden wakes up and overreact. The reason for this phenomenon is the dominance of the momo crowd driven by momo gurus. The momo crowd does not do any deep analysis and is simply driven by greed and fear. Momo gurus’ real job is to run up the stocks in the guise of analysis, so they never share any negative news even when they are aware of it. After the momo crowd, the technical analysis crowd is the most dominant in the stock market. The fact is many fundamental analysts are closet chartists. The technical analysis crowd does not understand that traditional technical analysis no longer works well. Please click here to see the reasons. Also adding to concern is circular financing in AI. Again, as a member of The Arora Report, you have been ahead of the curve. The Arora Report has been warning about circular financing for a couple of years and sharing similarities to vendor financing before the 2000 crash. To be successful in the next phase of AI, investors need to change how they think about AI. Knowing how to think correctly will help investors extract more out of the markets from the Arora signals. For those who are interested in next level information, part 1 of a new series titled “THE NEXT PHASE OF AI: WHY WALL STREET GETS IT WRONG AND HOW EXCEPTIONAL INVESTORS STAY AHEAD” is live in Arora Ambassador Club. To get on the waitlist to join Arora Ambassador Club, please click here. If semiconductors do not bounce after the regular session open, expect momo accounts to be hit with margin calls and forced liquidations. The FOMC meeting starts today and a rate decision will be announced tomorrow at 2pm ET. Not long ago, the consensus was the Fed would leave interest rates unchanged, but the macro picture has changed. In The Arora Report analysis, if the Fed were to make a cold, hard decision based solely on data, the Fed should raise interest rates. On the flip side, the Fed is under intense pressure from President Trump to cut interest rates. Investors should consider this Fed meeting live and know that there is a fair probability of a surprise tomorrow. This probability has already been taken into account in the Arora Protection Band, again putting you ahead of the curve. On the positive side for the stock market, Oman is proposing joint control of the Strait of Hormuz with Iran. Under this proposal, paying a fee to pass through the Strait of Hormuz will be voluntary. In The Arora Report analysis, this is a major breakthrough and has the potential of resolving the Iran war. The reason is that making the fee voluntary would allow President Trump to declare victory and say he made sure there are no fees to pass through the Strait of Hormuz. It would also allow Iran to declare victory by saying they won on their main issue of imposing fees for passage through the Strait of Hormuz. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Apple (AAPL). In the early trade, money flows are negative in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and negative in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7456 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 482 points. Gold futures are at $4032, silver futures are at $57. 60, and oil futures are at $81. 23. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, BTCUSD, csco, CXMT, GOLD, MARKETS, MU, NVDA, OIL, QQQ, RTX, SFTBY, SILVER, SPCX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Aggressive Stock Buying Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows QQQ is bouncing off of the top band of zone 2 (support). The chart shows zone 1 (resistance). The consensus wisdom on Wall Street is that this year, QQQ will break above zone 1. For a longer term perspective, from the chart take a measure of how far QQQ has come from the Arora buy signals shown on the chart. This morning in the early trade, there is aggressive buying in QQQ which represents mostly tech stocks. The buying is especially aggressive in semiconductor stocks and other stocks that are part of the AI trade. The buying is triggered by news that Nvidia (NVDA) is looking at supporting a massive AI data center for OpenAI in Ohio with a $250B backstop. If consummated, this will be one of the largest financial transactions in AI’s history. The project would cost over $500B excluding the chips. The project is being developed by Japan’s Softbank (SFTBY). The power for the project will be funded by Japan under a trade deal that President Trump previously promoted. The power will be controlled by the U. S. government. Nvidia is also in talks to finance as much as $350B of Nvidia chip purchases by OpenAI. In The Arora Report analysis, there are two important implications for investors: The fact that Nvidia is willing to finance perhaps the most ambitious AI project to date, shows Nvidia’s confidence that capex on AI will produce great returns. This implication is what is driving aggressive buying of AI stocks this morning. There is also a negative implication of circular financing that the stock market is ignoring for the time being. In circular financing, Nvidia would count $350B in sales to OpenAI, but OpenAI would not be paying for these chips out of its own pocket as the purchase will be financed by Nvidia. The net result is that Nvidia gets no immediate cash for the sale. Investors need to remember that this is the type of circular financing that, in part, lead to the 2000 crash of internet stocks and massive losses for investors in the darlings of the day such as Cisco (CSCO), Northern Telecom (symbol at the time NT), Lucent (symbol at the time LU), and JDS Uniphase (symbol at that time JDSU). In addition to the Nvidia news, aggressive stock buying in the early trade is due to President Trump deciding to stop attacking Iran after 13 days of attacks. There is speculation that the reason for stopping the attacks is a shortage of defensive munitions, such as Patriot missiles, to defend against Iran’s counterattacks. RTX, the maker of Patriot missiles, is in the ZYX Buy Model Portfolio and the position has large gains. However, President Trump is denying a shortage of munitions and states that the U. S. has a stock pile of vast quantities of munitions. Adding to the positive sentiment is the IPO of CXMT in China. The IPO soared 466% on its first day, and thus became the most valuable stock in China with a valuation of $484B. CXMT is a producer of semiconductor memory and had 8% global market share in 2025. In The Arora Report analysis, investors should carefully watch how the U. S. government responds to Apple’s (AAPL) attempts to buy memory from CXMT. If Apple gets permission, it will be negative for Micron stock (MU). In such an event, The Arora Report is likely to issue a signal to completely hedge the MU position in ZYX Buy and issue a short sell signal on MU in ZYX Short. In ZYX Buy, MU is long from an average of $21. 77. It is trading at $938. 11 as of this writing in the premarket, representing a gain of 4209%. As a major milestone, SpaceX (SPCX) launched a successful test flight of Starship. This is the first successful launch of Starship since the SPCX IPO. Over the weekend, momo gurus were pumping SPCX stock and expectations were for SPCX stock to go higher in the early trade. Instead, SPCX is seeing aggressive selling in the early trade as more and more investors are becoming aware of the upcoming massive unlock. You have been ahead of the curve. We wrote on July 22: Since SpaceX (SPCX) has been added to several indexes, prudent investors should prepare for the volatility caused by a massive unlock of previously restricted shares. On August 6, $116B worth of SPCX stock will become eligible for selling. Short sellers see an opportunity. The estimate is that about 30% of tradeable SPCX shares are now sold short. Prudent investors should be careful about being influenced by the media. There is a fair probability that on August 6, SPCX stock could rally if a short squeeze starts, instead of falling big time as the media is predicting. Durable orders data is cooler than expected. Here are the details: Durable orders came in at 0. 4? % vs 2. 0% consensus. Durable orders ex-transportation came at 0. 6% vs 0. 9% consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7513 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 603 points. Gold futures are at $4086, silver futures are at $59. 26, and oil futures are at $84. 04. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAOI, ADI, AMD, ARM, BTCUSD, COHR, DIA, DJIA, DRAM, EWY, GDX, GLD, GLW, GOLD, GOOG, GOOGL, IBM, INTC, LITE, MARKETS, MRVL, MU, NVDA, OIL, QQQ, SILVER, SKHY, SLV, SNDK, SOXL, SPCX, SPX, SPY, SSNLF, STX, TBF, TBT, TSLA, TXN, USO, WDC By Nigam Arora & Dr. Natasha Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' EVERYONE TALKS GPUS BUT CPUS ARE WINNERS FROM AGENTIC AI – INTEL EARNINGS STOP TECH STOCKS BLEEDING Jul 24, 2026 To gain an edge, this is what you need to know today. CPUs For Agentic AI Please click here for a chart of Intel stock (INTC). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of INTC stock is being used to illustrate the point. The chart shows INTC stock is gapping up after good earnings. In the early trade, the gap up in INTC stock has stopped the bleeding in semiconductor stocks and other tech stocks that occurred yesterday. The chart shows INTC stock had pulled back going into earnings. The chart shows that the last Arora signal to take partial profits on INTC was given right near the top before the pullback. The Arora Report gave a signal to buy INTC stock when it was hated and no one wanted it. The chart shows the Arora buy zone. ZYX Change Method with six screens anticipated the change that finally materialized, leading to large gains for members of The Arora Report. The premise behind the ZYX Change Method is that the most money with the lowest risk is made by anticipating change before Wall Street. Investors should pay attention to the five stages of a long trade. Most members are long INTC from an average of $19. 05. It is trading at $103. 32 as of this writing in the premarket, representing 442% gain. Intel earnings were above consensus and whisper numbers. Whisper numbers were lower than consensus. Here are the details: Intel reported Q2 EPS of $0. 42 vs. $0. 22 consensus. Intel reported Q2 revenue of $16. 1B vs. $14. 45B consensus. Intel sees Q3 EPS of $0. 38 vs. $0. 28 consensus. Intel sees Q3 revenue of $15. 8B - $16. 8B vs. $15. 16B consensus. Everyone talks about GPUs, and not CPUs, for a good reason. Compared to CPUs, GPUs excel at training frontier models and for high-throughput inference. The next phase of AI is extensive use of AI agents. Most of the tasks AI agents do are better done on CPUs than GPUs. Most agents do not need massive parallel processing of GPUs. Agents spend most of their time browsing, interfacing with APIs, and calling databases. These tasks are better done with CPUs. Intel is a major provider of CPUs. Advanced Micro Devices (AMD) is a big beneficiary because AMD provides both CPUs and GPUs. AMD is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. AMD is long from an average of $205. 52. AMD stock is trading at $546. 44 as of this writing in the premarket, representing a gain of 166%. Lately, the U. S. stock market has been following the South Korean stock market. Prudent investors should be cognizant of a decision by South Korea’s regulators to implement increased margin on leveraged ETFs sooner than planned. Leveraged ETFs have been very popular and, in part, responsible for the massive run up in memory stocks such as Micron (MU), SK Hynix (SKHY), and Sandisk (SNDK). Increased margin requirements on leveraged ETFs means a higher likelihood of margin calls and potentially sharper spikes to the downside. South Korea ETF EWY is in the ZYX Emerging Model Portfolio and has produced very large gains. Media headlines are that President Trump is preparing the biggest attack ever on Iran. However, the stock market is dismissing it, and oil is pulling back this morning. In spite of the U. S. providing protection and encouraging tankers to cross the Strait of Hormuz, only one tanker crossed the Strait of Hormuz on Thursday. This is the lowest number since May 7. In the early trade, the stock market is also dismissing this development. On Thursday, President Trump announced tariffs of 10% - 12. 5% on 60 countries. Again, the stock market is dismissing the impact. These tariffs use a law designed to punish forced labor. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Microsoft (MSFT) and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN), Alphabet (GOOG), and Apple (AAPL). In the early trade, money flows are negative in Meta (META) and Nvidia (NVDA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7453 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up/down points. Gold futures are at $4057, silver futures are at $58. 67, and oil futures are at $89. 43. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. STOCK MARKET SELLING AS HOUTHIS OPEN A NEW FRONT, GOOGLE AI CASH BURN, TESLA HUMANOID SPENDING Jul 23, 2026 To gain an edge, this is what you need to know today. Houthi Attacks Please click here for a chart of Google parent Alphabet stock (GOOG). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of GOOG stock is being used to illustrate the point. The chart shows GOOG is gapping down after reporting earnings. The chart shows a downward sloping trendline. The pattern shown on the GOOG chart is a topping pattern. Google earnings were better than the consensus and whisper numbers, but here is the rub: Google’s free cash flow for the quarter was negative $5. 9B. Google is projecting capex in the range of $195B - $205B vs. prior guidance of $180B - $190B. Tesla (TSLA) earnings were below consensus but inline with whisper numbers. Here is the rub: Tesla’s free cash flow was negative $1. 09B. Tesla’s spending on AI, robotaxis, and humanoid robots is going way up. In The Arora Report analysis, a very important observation for prudent investors is how semiconductors are trading after Google and Tesla earnings. Increased spending on AI by Google and Tesla means more business for semiconductors. As Google and Tesla experience negative cash flow, cash is being transferred to semiconductor companies that are experiencing large positive cash flows. Expectations were that semiconductors would trade higher on increased spend by Google and Tesla. Contrary to expectations, in the early trade, semiconductors are seeing selling. Investors should pay attention when an expected logical relationship breaks down as it often indicates a macro shift. Texas Instruments (TXN) reported earnings better than consensus but below whisper numbers. Stocks move based on the difference between reported numbers and whisper numbers. As a result, TXN stock is falling. Intel (INTC) will report earnings after the market close today. As a member of The Arora Report, you have been ahead of the curve. Houthis have opened a new front in the war. Houthis have fired on two tankers in the Red Sea. Houthis opening a new front is strengthening Iran’s hand. President Trump is responding by saying the U. S. will hold Iran responsible for Houthis and that “major military punishment will be inflicted upon Iran and, of course, the Houthis, themselves, who I am very disappointed with in that they have, until now, acted very professionally and smart. ” Brent oil, which is an international benchmark, is approaching $100 as of this writing. The U. S. benchmark, WTI oil, has crossed $90. Rising oil is increasing fears of inflation. Yields are rising in response. Initial jobless claims show a very strong jobs picture in spite of continuing layoffs due to AI. Initial jobless claims came at 187K vs. 214K consensus. The combination of rising oil and strong jobless claims is increasing the probability of a Fed rate hike. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Europe The European Central Bank (ECB) is leaving its interest rates unchanged. Some analysts had expected a hike. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bond. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7469 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 547 points. Gold futures are at $4067, silver futures are at $58. 19, and oil futures are at $91. 06. CHIP RALLY PULLS BACK AS YEMEN’S HOUTHIS ENTER THE WAR; EARNINGS FROM ALPHABET AND TESLA AHEAD Jul 22, 2026 To gain an edge, this is what you need to know today. Red Sea Blockade Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows SOXL rallied to the low band of zone 2 (resistance). The chart shows that this morning in the early trade, SOXL is pulling back. Coming into this morning, there were high expectations that semiconductors would continue to rally. However, Houthis of Yemen entering the war is causing oil to rise and upsetting the markets. As a member of The Arora Report, you have been ahead of the curve. We wrote on Monday: Prudent investors should pay attention to an important geopolitical development – Houthis in Yemen are announcing a maritime embargo of Saudi Arabia. This development has two major implications: Houthis in Yemen stepping up will further strengthen Iran's hand in negotiations with the U. S. The export of millions of barrels of oil through the Red Sea is at risk. The news this morning is that Houthis have started enforcing the Red Sea blockade. There are reports that six ships have turned around. The choke point is the Bab el-Mandeb Strait that separates the Red Sea from the Gulf of Aden. Until now, Saudi Arabia has been able to shift large quantities of oil through the Red Sea. The prospect that this route will also be closed at a time when the Strait of Hormuz is effectively closed could cause a sharp rise in the price of oil. Important earnings after the market close today include Alphabet (GOOG), Tesla (TSLA) and Texas Instruments (TXN). International Business Machines (IBM) will also report earnings but has pre-announced. While Alphabet and Tesla earnings will catch most of the attention, prudent investors should pay careful attention to Texas Instruments earnings. Texas Instruments is the first major semiconductor manufacturer to report. Whisper numbers are running ahead of consensus numbers. Texas Instruments supplies mostly analog chips to a broad swath of industries. Texas Instruments is also a major supplier of power management chips to AI data centers. TXN is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. Members of The Arora Report are long TXN from an average of $192. 70. It is trading at $285. 75 as of this writing in the premarket, representing a 48% gain. Members of The Arora Report bought TXN at the bottom of the analog semiconductor cycle. Another analog semiconductor stock to pay attention to is Analog Devices (ADI). ADI is in the ZYX Buy Core Model Portfolio, long from an average of $83. 25. It is trading at $374. 10 as of this writing in the premarket, representing a gain of 349%. Since SpaceX (SPCX) has been added to several indexes, prudent investors should prepare for the volatility caused by a massive unlock of previously restricted shares. On August 6, $116B worth of SPCX stock will become eligible for selling. Short sellers see an opportunity. The estimate is that about 30% of tradeable SPCX shares are now sold short. Prudent investors should be careful about being influenced by the media. There is a fair probability that on August 6, SPCX stock could rally if a short squeeze starts, instead of falling big time as the media is predicting. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan The Japanese yen fell below 163 per dollar before recovering. This level last occurred in 1986. The proximate cause is rising oil due to Houthis blockading the Red Sea. Japan is a major oil importer, getting most of its oil from the Middle East. The fall in yen is raising alarm bells in Japan. There are indications that the Bank of Japan is considering increasing interest rates faster. Japan is important due to the carry trade. In the carry trade, funds have borrowed hundreds of billions of dollars in Japan to invest in the U. S. , lately in the AI trade. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Alphabet (GOOG) and Microsoft (MSFT). In the early trade, money flows are neutral in Amazon (AMZN), Nvidia (NVDA), and Meta (META). In the early trade, money flows are negative in Tesla (TSLA) and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a build of 2. 603M barrels vs. a consensus of a draw of 1. 5M barrels. The momo crowd is *** oil in the early trade. Smart money is *** oil in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7516 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 100 points. Gold futures are at $4123, silver futures are at $59. 57, and oil futures are at $86. 91. BUYING IN SEMICONDUCTORS ON IRAN CEASEFIRE SOAP OPERA, EARNINGS HOPIUM, AND KOREA Jul 21, 2026 To gain an edge, this is what you need to know today. Buying In Semis Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that after breaking below the low band of zone 2 (resistance), semiconductors are rising again and approaching the low band of zone 2 again. The pattern shown on the chart has two implications: It is a short term bottoming pattern confirmed by heavier volume shown on the chart. Stops have already been hunted, making it easier for SOXL to rise now. The true test of the rally in semiconductors will be if SOXL breaks above the high band of zone 2. This morning in the early trade, there is aggressive buying in semiconductor stocks on the news that mediators are proposing a 10 day ceasefire between the U. S. and Iran. As a member of The Arora Report, as usual, you have been ahead of the curve. We wrote in yesterday’s Morning Capsule before the stock market opened: Last night, oil was spiking after a series of escalating attacks by the U. S. on Iran and counterattacks by Iran on U. S. allies in the Middle East. This morning, the situation has calmed down on an Iranian report that mediators are working on a proposal for a 10 day ceasefire. The momo gurus’ soap opera continues. Many momo gurus who never recommended semiconductor stocks until a few months ago and missed the big gains in semiconductors since 2022 are now claiming to be semiconductor experts. When there is good news related to the Iran conflict, momo gurus urge their followers to buy semiconductors because cessation of hostilities with Iran will be good for semiconductors. When there is bad news related to the Iran conflict, momo gurus urge their followers to buy semiconductors because the Iran conflict has nothing to do with semiconductors. There are two other factors driving buying in semiconductor stocks this morning: Lately semiconductors in the U. S. market have been following the South Korean stock market. Overnight, Kopsi index in South Korea was up 3. 6%. As is the pattern of the momo crowd, there is significant hopium this morning that upcoming semiconductor earnings will be good. Intel (INTC) reports on Thursday after the market close. Buying in the early trade is especially aggressive in memory stocks and disk drive stocks including Micron (MU), SK Hynix (SKHY), Western Digital (WDC), and Seagate (STX) as well as memory ETF (DRAM). Buying in the early trade is also aggressive in networking stocks such as Marvell (MRVL) and optical stocks, including Corning (GLW), Applied Optoelectronics (AAOI), Coherent (COHR), and Lumentum (LITE). In the middle of the bullishness this morning, prudent investors should note that to persuade Iran to give concessions, President Trump is considering a massive military campaign with Israel against Iran. In The Arora Report analysis, if any such campaign occurs, it will likely be short lived as President Trump is under pressure from Republicans to keep an eye on the midterm elections. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. China There are two important pieces of news from China: The Chinese government is considering taking measures to boost confidence in the Chinese stock market. The Chinese government’s efforts to restrict the export of advanced Chinese AI technology to the West are picking up steam. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN) and Alphabet (GOOG). In the early trade, money flows are negative in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates and bonds are range bound. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7516 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 130 points. Gold futures are at $4057, silver futures are at $59. 28, and oil futures are at $84. 16. WINNERS AND LOSERS FROM MOONSHOT – WALL STREET FEARS OVERBLOWN – U. S. MAY BAN CHINESE MODELS Jul 20, 2026 To gain an edge, this is what you need to know today. Moonshot Winners And Losers Please click here for a chart of Micron stock (MU). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point. Micron is important because it has been a market leader, and AI models are memory hogs. The chart shows significant pullback in MU stock from the highs. The chart shows MU stock is between zone 1 (resistance) and zone 2 (support). Prudent investors should carefully watch to see if MU stock decisively breaks above trendline 3 shown on the chart. For now, this will likely be one of the most important tells for the semiconductor sector and the entire stock market. On Friday, we shared with you the introduction of an AI breakthrough in China from a Chinese startup called Moonshot causing significant fear on Wall Street. The media amplified the fear. In The Arora Report analysis, Wall Street fears about Moonshot might be overblown. To stay ahead of the curve, in The Arora Report analysis, here is a nuanced analysis for prudent investors of winners and losers from Moonshot: Moonshot’s Kimi K3 model needs a significant amount of high bandwidth memory. The memory requirements make memory makers such as Micron, SK Hynix (SKHY), and Samsung (SSNLF) winners. For Moonshot to work efficiently, it requires faster networking to connect thousands of AI chips. This makes a company like Marvell (MRVL) a winner. It is also good for optical names such as Corning (GLW), Applied Optoelectronics (AAOI), Coherent (COHR), and Lumentum (LITE). Moonshot is mixed for GPU makers such as Nvidia (NVDA) and Advanced Micro Devices (AMD). Moonshot appears to use GPUs more efficiently. However, investors need to keep in mind that Moonshot has already run out of GPU capacity as demand for Kimi K3 is very high. Moonshot is neutral for CPU makers such as Intel (INTC) and Arm (ARM). Frontier model makers such as OpenAI, Anthropic, and Google (GOOG, GOOGL) might be the losers as they have new Chinese competition. Many open source AI models are the losers because they provide no edge. The Arora Report has kept thousands of investors, investment advisors, and money managers ahead of the curve for nearly two decades. In The Arora Report analysis, there is a significant probability that the U. S. government may eventually ban Chinese AI models. We previously shared with you: Due to the security requirements and deepening distrust between the U. S. and China, the world is likely to be divided into two camps for AI: one dominated by the U. S. and the other dominated by China. Due to the importance of understanding what Wall Street is getting wrong about AI’s next phase, we are preparing a podcast series titled “Next AI Phase: Why Wall Street Gets It Wrong – How Exceptional Investors Can Stay Ahead” that will be available in Arora Ambassador Club. The Department of War is in talks for SpaceX (SPCX) to provide it with billions of dollars of computing power. Prudent investors should pay attention to an important geopolitical development – Houthis in Yemen are announcing a maritime embargo of Saudi Arabia. This development has two major implications: Houthis in Yemen stepping up will further strengthen Iran’s hand in negotiations with the U. S. The export of millions of barrels of oil through the Red Sea is at risk. Last night, oil was spiking after a series of escalating attacks by the U. S. on Iran and counterattacks by Iran on U. S. allies in the Middle East. This morning, the situation has calmed down on an Iranian report that mediators are working on a proposal for a 10 day ceasefire. The Arora Report has long pointed out that the way the government calculates inflation is flawed. In a positive development, the Bureau of Economic Analysis will revise the way it calculates core PCE. Core PCE is the Fed’s favorite inflation gauge. Leading economic index will be released at 10am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Meta (META). In the early trade, money flows are negative in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7529 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 99 points. Gold futures are at $4014, silver futures are at $57. 04, and oil futures are at $81. 88. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. Dr. Natasha Arora Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals. - Categories: 0 - Tags: AMD, BTCUSD, EWY, GOLD, INTC, MARKETS, MU, OIL, QQQ, SILVER, SKHY, SNDK, SPY By Nigam Arora To gain an edge, this is what you need to know today. CPUs For Agentic AI Please click here for a chart of Intel stock (INTC). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of INTC stock is being used to illustrate the point. The chart shows INTC stock is gapping up after good earnings. In the early trade, the gap up in INTC stock has stopped the bleeding in semiconductor stocks and other tech stocks that occurred yesterday. The chart shows INTC stock had pulled back going into earnings. The chart shows that the last Arora signal to take partial profits on INTC was given right near the top before the pullback. The Arora Report gave a signal to buy INTC stock when it was hated and no one wanted it. The chart shows the Arora buy zone. ZYX Change Method with six screens anticipated the change that finally materialized, leading to large gains for members of The Arora Report. The premise behind the ZYX Change Method is that the most money with the lowest risk is made by anticipating change before Wall Street. Investors should pay attention to the five stages of a long trade. Most members are long INTC from an average of $19. 05. It is trading at $103. 32 as of this writing in the premarket, representing 442% gain. Intel earnings were above consensus and whisper numbers. Whisper numbers were lower than consensus. Here are the details: Intel reported Q2 EPS of $0. 42 vs. $0. 22 consensus. Intel reported Q2 revenue of $16. 1B vs. $14. 45B consensus. Intel sees Q3 EPS of $0. 38 vs. $0. 28 consensus. Intel sees Q3 revenue of $15. 8B - $16. 8B vs. $15. 16B consensus. Everyone talks about GPUs, and not CPUs, for a good reason. Compared to CPUs, GPUs excel at training frontier models and for high-throughput inference. The next phase of AI is extensive use of AI agents. Most of the tasks AI agents do are better done on CPUs than GPUs. Most agents do not need massive parallel processing of GPUs. Agents spend most of their time browsing, interfacing with APIs, and calling databases. These tasks are better done with CPUs. Intel is a major provider of CPUs. Advanced Micro Devices (AMD) is a big beneficiary because AMD provides both CPUs and GPUs. AMD is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. AMD is long from an average of $205. 52. AMD stock is trading at $546. 44 as of this writing in the premarket, representing a gain of 166%. Lately, the U. S. stock market has been following the South Korean stock market. Prudent investors should be cognizant of a decision by South Korea’s regulators to implement increased margin on leveraged ETFs sooner than planned. Leveraged ETFs have been very popular and, in part, responsible for the massive run up in memory stocks such as Micron (MU), SK Hynix (SKHY), and Sandisk (SNDK). Increased margin requirements on leveraged ETFs means a higher likelihood of margin calls and potentially sharper spikes to the downside. South Korea ETF EWY is in the ZYX Emerging Model Portfolio and has produced very large gains. Media headlines are that President Trump is preparing the biggest attack ever on Iran. However, the stock market is dismissing it, and oil is pulling back this morning. In spite of the U. S. providing protection and encouraging tankers to cross the Strait of Hormuz, only one tanker crossed the Strait of Hormuz on Thursday. This is the lowest number since May 7. In the early trade, the stock market is also dismissing this development. On Thursday, President Trump announced tariffs of 10% - 12. 5% on 60 countries. Again, the stock market is dismissing the impact. These tariffs use a law designed to punish forced labor. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Microsoft (MSFT) and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN), Alphabet (GOOG), and Apple (AAPL). In the early trade, money flows are negative in Meta (META) and Nvidia (NVDA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7453 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up/down points. Gold futures are at $4057, silver futures are at $58. 67, and oil futures are at $89. 43. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, GOOG, GOOGL, INTC, MARKETS, OIL, QQQ, SILVER, SPY, TSLA, TXN By Nigam Arora To gain an edge, this is what you need to know today. Houthi Attacks Please click here for a chart of Google parent Alphabet stock (GOOG). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of GOOG stock is being used to illustrate the point. The chart shows GOOG is gapping down after reporting earnings. The chart shows a downward sloping trendline. The pattern shown on the GOOG chart is a topping pattern. Google earnings were better than the consensus and whisper numbers, but here is the rub: Google’s free cash flow for the quarter was negative $5. 9B. Google is projecting capex in the range of $195B - $205B vs. prior guidance of $180B - $190B. Tesla (TSLA) earnings were below consensus but inline with whisper numbers. Here is the rub: Tesla’s free cash flow was negative $1. 09B. Tesla’s spending on AI, robotaxis, and humanoid robots is going way up. In The Arora Report analysis, a very important observation for prudent investors is how semiconductors are trading after Google and Tesla earnings. Increased spending on AI by Google and Tesla means more business for semiconductors. As Google and Tesla experience negative cash flow, cash is being transferred to semiconductor companies that are experiencing large positive cash flows. Expectations were that semiconductors would trade higher on increased spend by Google and Tesla. Contrary to expectations, in the early trade, semiconductors are seeing selling. Investors should pay attention when an expected logical relationship breaks down as it often indicates a macro shift. Texas Instruments (TXN) reported earnings better than consensus but below whisper numbers. Stocks move based on the difference between reported numbers and whisper numbers. As a result, TXN stock is falling. Intel (INTC) will report earnings after the market close today. As a member of The Arora Report, you have been ahead of the curve. Houthis have opened a new front in the war. Houthis have fired on two tankers in the Red Sea. Houthis opening a new front is strengthening Iran’s hand. President Trump is responding by saying the U. S. will hold Iran responsible for Houthis and that “major military punishment will be inflicted upon Iran and, of course, the Houthis, themselves, who I am very disappointed with in that they have, until now, acted very professionally and smart. ” Brent oil, which is an international benchmark, is approaching $100 as of this writing. The U. S. benchmark, WTI oil, has crossed $90. Rising oil is increasing fears of inflation. Yields are rising in response. Initial jobless claims show a very strong jobs picture in spite of continuing layoffs due to AI. Initial jobless claims came at 187K vs. 214K consensus. The combination of rising oil and strong jobless claims is increasing the probability of a Fed rate hike. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Europe The European Central Bank (ECB) is leaving its interest rates unchanged. Some analysts had expected a hike. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bond. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7469 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 547 points. Gold futures are at $4067, silver futures are at $58. 19, and oil futures are at $91. 06. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ADI, BTCUSD, GOLD, GOOG, IBM, MARKETS, OIL, QQQ, SILVER, SOXL, SPCX, SPY, TSLA, TXN By Nigam Arora To gain an edge, this is what you need to know today. Red Sea Blockade Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows SOXL rallied to the low band of zone 2 (resistance). The chart shows that this morning in the early trade, SOXL is pulling back. Coming into this morning, there were high expectations that semiconductors would continue to rally. However, Houthis of Yemen entering the war is causing oil to rise and upsetting the markets. As a member of The Arora Report, you have been ahead of the curve. We wrote on Monday: Prudent investors should pay attention to an important geopolitical development – Houthis in Yemen are announcing a maritime embargo of Saudi Arabia. This development has two major implications: Houthis in Yemen stepping up will further strengthen Iran's hand in negotiations with the U. S. The export of millions of barrels of oil through the Red Sea is at risk. The news this morning is that Houthis have started enforcing the Red Sea blockade. There are reports that six ships have turned around. The choke point is the Bab el-Mandeb Strait that separates the Red Sea from the Gulf of Aden. Until now, Saudi Arabia has been able to shift large quantities of oil through the Red Sea. The prospect that this route will also be closed at a time when the Strait of Hormuz is effectively closed could cause a sharp rise in the price of oil. Important earnings after the market close today include Alphabet (GOOG), Tesla (TSLA) and Texas Instruments (TXN). International Business Machines (IBM) will also report earnings but has pre-announced. While Alphabet and Tesla earnings will catch most of the attention, prudent investors should pay careful attention to Texas Instruments earnings. Texas Instruments is the first major semiconductor manufacturer to report. Whisper numbers are running ahead of consensus numbers. Texas Instruments supplies mostly analog chips to a broad swath of industries. Texas Instruments is also a major supplier of power management chips to AI data centers. TXN is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. Members of The Arora Report are long TXN from an average of $192. 70. It is trading at $285. 75 as of this writing in the premarket, representing a 48% gain. Members of The Arora Report bought TXN at the bottom of the analog semiconductor cycle. Another analog semiconductor stock to pay attention to is Analog Devices (ADI). ADI is in the ZYX Buy Core Model Portfolio, long from an average of $83. 25. It is trading at $374. 10 as of this writing in the premarket, representing a gain of 349%. Since SpaceX (SPCX) has been added to several indexes, prudent investors should prepare for the volatility caused by a massive unlock of previously restricted shares. On August 6, $116B worth of SPCX stock will become eligible for selling. Short sellers see an opportunity. The estimate is that about 30% of tradeable SPCX shares are now sold short. Prudent investors should be careful about being influenced by the media. There is a fair probability that on August 6, SPCX stock could rally if a short squeeze starts, instead of falling big time as the media is predicting. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan The Japanese yen fell below 163 per dollar before recovering. This level last occurred in 1986. The proximate cause is rising oil due to Houthis blockading the Red Sea. Japan is a major oil importer, getting most of its oil from the Middle East. The fall in yen is raising alarm bells in Japan. There are indications that the Bank of Japan is considering increasing interest rates faster. Japan is important due to the carry trade. In the carry trade, funds have borrowed hundreds of billions of dollars in Japan to invest in the U. S. , lately in the AI trade. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Alphabet (GOOG) and Microsoft (MSFT). In the early trade, money flows are neutral in Amazon (AMZN), Nvidia (NVDA), and Meta (META). In the early trade, money flows are negative in Tesla (TSLA) and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a build of 2. 603M barrels vs. a consensus of a draw of 1. 5M barrels. The momo crowd is *** oil in the early trade. Smart money is *** oil in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7516 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 100 points. Gold futures are at $4123, silver futures are at $59. 57, and oil futures are at $86. 91. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAOI, BTCUSD, COHR, DRAM, GLW, GOLD, INTC, LITE, MARKETS, MRVL, MU, OIL, QQQ, SILVER, SKHY, SOXL, SPY, STX, WDC By Nigam Arora To gain an edge, this is what you need to know today. Buying In Semis Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that after breaking below the low band of zone 2 (resistance), semiconductors are rising again and approaching the low band of zone 2 again. The pattern shown on the chart has two implications: It is a short term bottoming pattern confirmed by heavier volume shown on the chart. Stops have already been hunted, making it easier for SOXL to rise now. The true test of the rally in semiconductors will be if SOXL breaks above the high band of zone 2. This morning in the early trade, there is aggressive buying in semiconductor stocks on the news that mediators are proposing a 10 day ceasefire between the U. S. and Iran. As a member of The Arora Report, as usual, you have been ahead of the curve. We wrote in yesterday’s Morning Capsule before the stock market opened: Last night, oil was spiking after a series of escalating attacks by the U. S. on Iran and counterattacks by Iran on U. S. allies in the Middle East. This morning, the situation has calmed down on an Iranian report that mediators are working on a proposal for a 10 day ceasefire. The momo gurus’ soap opera continues. Many momo gurus who never recommended semiconductor stocks until a few months ago and missed the big gains in semiconductors since 2022 are now claiming to be semiconductor experts. When there is good news related to the Iran conflict, momo gurus urge their followers to buy semiconductors because cessation of hostilities with Iran will be good for semiconductors. When there is bad news related to the Iran conflict, momo gurus urge their followers to buy semiconductors because the Iran conflict has nothing to do with semiconductors. There are two other factors driving buying in semiconductor stocks this morning: Lately semiconductors in the U. S. market have been following the South Korean stock market. Overnight, Kopsi index in South Korea was up 3. 6%. As is the pattern of the momo crowd, there is significant hopium this morning that upcoming semiconductor earnings will be good. Intel (INTC) reports on Thursday after the market close. Buying in the early trade is especially aggressive in memory stocks and disk drive stocks including Micron (MU), SK Hynix (SKHY), Western Digital (WDC), and Seagate (STX) as well as memory ETF (DRAM). Buying in the early trade is also aggressive in networking stocks such as Marvell (MRVL) and optical stocks, including Corning (GLW), Applied Optoelectronics (AAOI), Coherent (COHR), and Lumentum (LITE). In the middle of the bullishness this morning, prudent investors should note that to persuade Iran to give concessions, President Trump is considering a massive military campaign with Israel against Iran. In The Arora Report analysis, if any such campaign occurs, it will likely be short lived as President Trump is under pressure from Republicans to keep an eye on the midterm elections. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. China There are two important pieces of news from China: The Chinese government is considering taking measures to boost confidence in the Chinese stock market. The Chinese government’s efforts to restrict the export of advanced Chinese AI technology to the West are picking up steam. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN) and Alphabet (GOOG). In the early trade, money flows are negative in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates and bonds are range bound. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7516 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 130 points. Gold futures are at $4057, silver futures are at $59. 28, and oil futures are at $84. 16. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL By Nigam Arora AAPL is long from $4. 68. It is trading at $333. 19. This represents a gain of 7019% for the long-time members of The Arora Report. Sentiment May Win Over Fundamentals The AAPL target is being raised because sentiment may drive AAPL stock rather than the fundamentals. This periodically happens to certain stocks and can last a long time. AAPL could be at an inflection point where sentiment becomes the main driver of the stock ignoring fundamentals. Sentiment Sentiment is becoming increasingly positive for the following reasons: As money flows out of semiconductors and other hyperscalers, it is flowing into AAPL. The market perceives AAPL as a defensive stock. Any time there is turmoil in the market, AAPL gets a bid. There is a distinct possibility that AAPL's weakness will become its strength. AAPL's weakness is that it has fallen way behind in AI. However, because AAPL has not invested enough in AI, it spends only 2. 5% of its revenue on capital expenditures (capex). As a reference, on average hyperscalers are spending 39% of their revenue on capex. The stock market is beginning to see AAPL not spending on AI as an advantage. Fundamentals Investors need to remember that a big part of moves in stocks is driven by sentiment rather than fundamentals. From a fundamental point of view, AAPL's story is negative: The market for the iPhone is saturated. AAPL is heavily dependent on upgrade cycles. AAPL's services business is growing, but it is growing slowly. AAPL has lagged behind in AI. Zones For those following the Good Way, the Buy Now rating is *** (To see the locked content, please take a 30 day free trial). For those following the Best Way, the buy zone is $*** - $***. The very long-term target zone is $568 - $586. Trade Around Position The probability of our system giving a signal for a trade around position in AAPL is increasing. A core position is separate and distinct from a trade around position. A trade around position is a technique that billionaires and hedge funds use to dramatically increase returns and reduce risks. Please see Trade Management Guidelines to learn about trade around positions. What To Do Now Click here to start a 30 day free trial and see what to do now. This post was published on Friday, July 17th, in ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, AMD, ASML, BABA, BAC, BIDU, BTCUSD, C, CRM, DIA, DJIA, DRAM, GDX, GLD, GOLD, GS, IBM, IGV, JPM, KWEB, MARKETS, MSFT, MU, nflx, NOW, NVDA, OIL, ORCL, QQQ, SILVER, SKHY, SLV, SNDK, SOXL, SPCX, SPX, SPY, SSNLF, STX, TBF, TBT, TSM, USO, WDC, WFC By Nigam Arora & Dr. Natasha Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' IMPLICATIONS FOR PRUDENT INVESTORS OF CHINESE AI BREAKTHROUGH TRIGGERING SEMI SELLOFF Jul 17, 2026 To gain an edge, this is what you need to know today. AI Breakthrouh Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows SOXL has fallen below zone 2 (support). The chart shows two opposing scenarios: There is no other support zone nearby. This indicates that if there is another piece of negative news, there is significant downside. RSI on the chart shows that SOXL is now oversold. As such, it can easily bounce. Here is the key question: which one of the two scenarios will occur? The answer depends on the following factors: Many momo crowd accounts are receiving margin calls. Many accounts will not be able to meet the margin calls, which will bring in more selling. At some point, many momo crowd accounts will be liquidated, and others will have many positions liquidated. After liquidation is done, the selling will exhaust itself. Will smart money step in and buy? In The Arora Report analysis, these are precisely the type of conditions when even the slightest new news can have an outsized impact. A tiny bit of good news can cause semiconductor stocks to fly again. A tiny bit of bad news can deepen the selloff. Selling in semiconductor stocks is causing a selloff in all tech stocks. Selling is spreading to non-tech stocks in the early trade. As a member of The Arora Report, you have been ahead of the curve as the Arora Protection Band has been rising lately. Portfolios at the top band are protected up to 51%. The rise in the Arora Protection Band is in sharp contrast to Wall Street’s wisdom of buying more and more on margin at the recent top. The trigger for the selloff is an AI breakthrough in China. A startup in China named Moonshot is touting an AI model that allegedly outperforms the top models from OpenAI and Anthropic. The model named Kimi K3 is free to download, is fully opensource, and has 2. 8T parameters. As a reference, the estimate for Anthropic’s Claude Opus 4. 8 is 1. 5T parameters. As a member of The Arora Report, you have been ahead of the curve. We have been sharing with you that Chinese AI stocks are cheap compared to U. S. AI stocks. Only yesterday, we repeated: In The Arora Report analysis, Chinese AI stocks are relatively inexpensive compared to U. S. AI stocks. Prudent investors should note that Moonshot is valued at $31. 5B compared to trillion dollar valuations for Anthropic and OpenAI in the U. S. In 2022, The Arora Report was one of the first, if not the first, to issue a high conviction call that a fortune is to be made in AI all the way to 2030 but at times the path would be treacherous. What we are seeing right now is the treacherous part. In The Arora Report analysis, here are the key points for investors at this time: The U. S. still has a six to nine month lead over China. The top U. S. models such as GPT-5. 6 and Fable 5 are still way more powerful than the top Chinese models. Due to the security requirements and deepening distrust between the U. S. and China, the world is likely to be divided into two camps for AI: one dominated by the U. S. and the other dominated by China. Investors should not ignore the latest accusation by President Trump that China massively interfered in the 2020 election. The volatility brings buying opportunities for those who have been following the Arora Protection Band. SpaceX (SPCX) is being sold due to the scrubbing of a launch. The fickleness of Wall Street is illustrated by the fact that investors were buying SPCX stock on projections of five to ten years from now, and now they are selling because of the scrub of one launch. The scrubbing of launches is routine in the space business. Netflix (NFLX) is seeing heavy selling as earnings released yesterday after the market close show slowing growth. Going into earnings, the momo crowd had been aggressively buying NFLX stock. The momo crowd also has large positions in NFLX. Selling in NFLX is adding to the troubles for the momo crowd. University of Michigan Consumer Sentiment will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Housing Starts The data shows the housing market is staying strong but may weaken in the future. Here are the details: Housing starts came at 1. 427M vs. 1. 328M consensus. Building permits came at 1. 367M vs. 1. 403M consensus. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling along with tech stocks. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7504 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 417 points. Gold futures are at $3969, silver futures are at $55. 29, and oil futures are at $80. 35. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. KOREA DRIVES SEMI STOCKS LOWER IN SPITE OF GOOD TAIWAN SEMI EARNINGS, APPLE BOOSTS CHINA AI MODELS Jul 16, 2026 To gain an edge, this is what you need to know today. Korea Leading Semiconductors Please click here for a chart of Taiwan Semiconductor stock (TSM). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of TSM stock is being used to illustrate the point. Taiwan Semiconductor is important because it manufactures almost all high-performance AI chips. The chart shows that even after good earnings, TSM stock has fallen in the early trade. The chart shows the drop has caused TSM stock to be close to zone 2 (support). In The Arora Report analysis, TSM move above zone 1 (resistance) will indicate another potential leg up in semiconductors. TSM earnings were good. Here are the details: TSM reported Q2 earnings of $4. 31 vs. $3. 81 consensus. Revenues were reported as $40. 2B vs. $39. 83B consensus. That is a 33. 7% year-over-year increase. TSM guided Q3 revenues of $44. 6B - $45. 8B vs. $43. 67B consensus. TSM is adding $100B to its investment in the U. S. , bringing the total to $265B and 12 semiconductor and packaging facilities in the U. S. In The Arora Report analysis, if the same TSM earnings were reported in May, TSM stock would have been up significantly, driving semiconductors as a group much higher. The character of the stock market has changed as semiconductors are now driven by South Korea. Overnight, the South Korean stock market was down 6. 4%. The Bank of Korea hiked its key interest rate by 25 bps to 2. 75%. This is the first hike in over three years. Yesterday, we shared with you good earnings from extreme ultraviolet lithography leader ASML (ASML). After early morning gains, ASML was not able to hold its gains due to anticipated selling in South Korea. In the early trade, tech stocks are coming under considerable pressure, driven by the selloff in South Korea. Of note is that in the early trade, SpaceX (SPCX) stock has fallen below its IPO price. AI stocks in China are getting a boost from Apple’s (AAPL) decision to use Alibaba’s (BABA) Qwen large language model along with AI technology Baidu (BIDU). Both BIDU and BABA are in ETF KWEB. KWEB is in the ZYX Emerging Model Portfolio. Chinese AI stocks are also getting a boost from anticipation of China’s AI Conference, which begins Friday and includes a keynote from President Xi. In The Arora Report analysis, Chinese AI stocks are relatively inexpensive compared to U. S. AI stocks. Prudent investors closely watch retail sales data as the U. S. economy is 70% consumer based. Retail sales are weaker than expected as most U. S. consumers are strapped. Here is the latest retail sales data: June headline retail sales came at 0. 2% vs. 0. 3% consensus. June retail sales ex-auto came at -0. 2% vs. 0. 1% consensus. Initial jobless claims came at 208K vs. 219K consensus. This indicates the employment picture is stable. The intensity of U. S. and Iran attacks is increasing. Traffic through the Strait of Hormuz has come to a crawl. President Trump is facing a difficult decision as it is becoming clear that the U. S. cannot win the war by air only. What President Trump decides may have a major impact on the markets. For the time being, the markets are ignoring the worsening Iran situation. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Alphabet (GOOG), and Microsoft (MSFT). In the early trade, money flows are neutral in Amazon (AMZN). In the early trade, money flows are negative in Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** oil in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7585 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 8 points. Gold futures are at $4008, silver futures are at $56. 43, and oil futures are at $80. 42. 57 ECONOMISTS WRONG ON INFLATION, ASML EARNINGS BRING OPTIMISM TO AI TRADE Jul 15, 2026 To gain an edge, this is what you need to know today. Cooler PPI Please click here for a chart of ASML stock (ASML). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of ASML is being used to illustrate the point. ASML is important because ASML is the undisputed leader in extreme ultraviolet lithography machines. Without ASML's machines, none of the advanced AI chips could have been manufactured. The chart shows ASML stock gapping up on earnings. The chart shows that even after the earnings gap up, ASML is still below zone 1 (resistance). The chart shows ASML is comfortably above zone 2 (support). The ASML earnings report is outstanding. Here are the details: ASML reported Q2 EPS of EUR 7. 58 vs. EUR 6. 91 consensus. Revenue came at EUR 9. 33B vs. EUR 10. 23B consensus. ASML guides Q3 revenue of EUR 11. 0 - 12. 0B vs. EUR 10. 43B consensus. ASML guides FY26 revenue of EUR 43B - 45B vs. EUR 39. 82B consensus. In The Arora Report analysis, ASML can be a tell for semiconductors and, in turn, the entire stock market if it breaks above zone 1 or below zone 2. ASML earnings are bringing optimism and buying in the AI trade in the premarket. Yesterday, we shared with you that the Consumer Price Index (CPI) came at -0. 4% vs. -0. 1% consensus. Prudent investors should note that not even one of the 57 economists who contributed to the consensus was even close to being correct. This underscores the importance of staying humble. Follow Arora’s Second Law of Investing and Trading, which states, "Nobody knows with certainty what is going to happen next in the markets. ” Producer Price Index (PPI) came cooler than expected. Here are the details: PPI came at -0. 3% vs. 0. 1% consensus. Core PPI came at 0. 2% vs. 0. 4% consensus. Of note, prior PPI has been revised to 0. 6% from 1. 1%. 1. 1% was a four year high. Just like CPI, economists were wrong on PPI. The Fed’s Beige Book will be released at 2pm ET. The U. S. continues to attack Iran. Iran continues to retaliate. In The Arora Report analysis, Iran is taking advantage of President Trump’s constraints due to the upcoming midterm elections. Oil is not spiking as traders are believing in TACO (Trump Always Chickens Out). As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Alphabet (GOOG) and Nvidia (NVDA). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold Lower PPI is driving buying in gold. The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 0. 056M barrels vs. a consensus of a draw of 2. 7M barrels. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7611 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 126 points. Gold futures are at $4071, silver futures are at $58. 81, and oil futures are at $79. 69. BANK EARNINGS INDICATE STRONG ECONOMY, IBM DROPS DRAGGING SOFTWARE, WARSH SAYS NO TOLERANCE FOR INFLATION Jul 14, 2026 To gain an edge, this is what you need to know today. Cooler Inflation Data Please click here for a chart of JPMorgan stock (JPM). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of JPM stock is being used to illustrate the point. JPMorgan is important because it is the largest bank in the U. S. Overall, earnings from five banks this morning indicate a strong U. S. economy. The chart shows JPM stock has fallen below the low band of zone 1 (resistance). The chart shows that in the longer term, after a meteoric rise, JPM stock has been range bound between zone 2 (support) and zone 1(resistance). In The Arora Report analysis, the stock market’s reaction to JPMorgan earnings is particularly insightful. JPMorgan reported blowout earnings significantly better than the consensus and whisper numbers, and yet, the stock has dropped in the early trade. Normally stocks go up when they report better than whisper numbers. The reason for the drop is JPM stock is very expensive and projections are lower than expectations. Here are the details. JPMorgan reported Q2 adjusted EPS of $6. 14 vs. $5. 80 consensus. JPMorgan reported revenue of $57. 3B vs. $51. 3B consensus. Excluding markets, JPMorgan expects FY26 net interest income of about $96. 5B vs. prior view of $103B. JPMorgan is in the ZYX Buy Core Model Portfolio long from an average of $34. 14. It is trading at $325. 00 as of this writing in the premarket, representing a gain of 852%. Bank of America (BAC) also reported strong earnings, but BAC stock is trading lower. Here are the details: Bank of America reported Q2 EPS $1. 21 vs. $1. 12 consensus. Bank of America reported revenue of $31. 56B vs. $30. 77B consensus. BAC is in the ZYX Buy Core Model Portfolio long from an average of $7. 69. It is trading at $58. 59 as of this writing in the premarket, representing a gain of 662%. Citigroup (C) also reported strong earnings, but C stock is trading lower. Here are the details: Citigroup reported Q2 EPS of $3. 15 vs. $2. 71 consensus. Citigroup reported revenue of $24. 8B vs. $23. 73B consensus. C is in the ZYX Buy Core Model Portfolio long from an average of $33. 80. It is trading at $139. 37 as of this writing in the premarket, representing a gain of 312%. Goldman Sachs (GS) and Wells Fargo (WFC) also reported better than consensus earnings. In The Arora Report analysis, strong earnings from large banks is positive for the entire stock market. Consumer Price Index (CPI) came cooler than expected. Here are the details: Headline CPI came at -0. 4% vs. -0. 1% consensus. Core CPI came at 0. 0% vs. 0. 2% consensus. In The Arora Report analysis, after the cooler CPI data, there is over 80% probability that the Fed will keep interest rates unchanged. In The Arora Report analysis, falling oil prices has helped inflation cool down. However, investors need to look ahead. Oil prices are rising again as the U. S. and Iran resume low level warfare. The Strait of Hormuz is practically closed even though the U. S. says it is open. Producer Price Index (PPI) will be released tomorrow at 8:30am ET. International Business Machines (IBM) fell as much as 25% in the early trade before starting to recover. So far, today is the worst day for IBM stock since 1987. IBM’s short fall is due to customers shifting their budgets towards server and memory products delaying major deals for IBM. The drop in IBM stock is dragging down software stocks such as Microsoft (MSFT), Oracle (ORCL), Salesforce (CRM), and ServiceNow (NOW). Software ETF (IGV) is down about 4%. Fed Chair Warsh will say in front of Congress that the Fed has no tolerance for elevated inflation. After the success of memory maker SK Hynix (SKHY), Samsung (SSNLF) is now contemplating a U. S. listing. In the early trade, there is very aggressive buying in semiconductor stocks following the recovery of stocks in South Korea. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN). In the early trade, money flows are negative in Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), and Meta (META). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is being bought after lower CPI data. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7587 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 114 points. Gold futures are at $4090, silver futures are at $59. 22, and oil futures are at $80. 70. CRITICAL FOUR HOURS AHEAD, KOREA AND IRAN DRIVE SELLING IN U. S. STOCKS Jul 13, 2026 To gain an edge, this is what you need to know today. Important Data Ahead Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that on Friday, SOXL managed to rally and close at the top band of zone 2 (support). The chart shows that in the early trade today, SOXL has fallen back into the middle of zone 2. The move was driven by price action in the South Korean stock market. As we have been sharing with you, lately the South Korean stock market has been leading the U. S. stock market. This is a reversal from the historical pattern of the South Korean stock market following the U. S. stock market. The reason for the South Korean stock market leading is that two of the largest memory manufacturers SK Hynix (SKHY) and Samsung (SSNLF) are in South Korea. Overnight, the South Korean Kospi Index fell 9%. SK Hynix fell more than 15%. This is the largest one day loss since SK Hynix listed on the South Korean exchange in 1996. Samsung fell more than 10%. In The Arora Report analysis, the trigger for selling in the South Korean market is that investors were buying ahead of SK Hynix listing in the U. S. SKHY started trading in the U. S. on Friday. The selloff is the classic sell the news reaction. In the early trade, the carry over from South Korea is hitting stocks of Micron (MU), Sandisk (SNDK), Western Digital (WDC), Seagate Technology (STX), and memory ETF (DRAM) especially hard. On the positive side, Taiwan Semiconductor (TSM) reported June revenue rose 68% year-over-year. However, revenue rose only 6. 2% sequentially. TSM is important because TSM manufactures advanced chips for the likes of Nvidia (NVDA), Apple (AAPL), and Advanced Micro Devices (AMD). Over the weekend, the U. S. hit Iran very hard for firing on a ship in the Strait of Hormuz. Iran retaliated by firing on U. S. bases in the region. This morning, there is significant confusion regarding the status of the Strait of Hormuz. Iran has declared the Strait of Hormuz closed. The U. S. is saying the Strait of Hormuz is open. From our sources, there is hardly any traffic in the Strait of Hormuz as of this writing. In The Arora Report analysis, oil is rising a relatively small amount compared to what the weekend events warrant. The reason is there is a long history of the U. S. administration coming out with positive statements regarding Iran every time oil starts going higher or the stock market starts going lower. Professional traders are expecting a positive statement from the administration, and this hope is containing the stock market’s drop and oil’s rise. Tomorrow, four critical hours are ahead. During a span of four hours, the stock market will have to confront the following: The first important set of earnings from banks, including Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), and Wells Fargo (WFC), will be tomorrow before the regular session open. Whisper numbers for bank earnings are running ahead of consensus numbers. Consumer Price Index (CPI) will be released tomorrow at 8:30am ET and may be market moving. Fed Chair Warsh is scheduled to testify before the House Financial Services Committee tomorrow at 10am ET and before the Senate Banking, Housing and Urban Affairs Committee on Wednesday at 10am ET. In The Arora Report analysis, as earnings season starts, the key question for investors is whether the growth in earnings is secular or cyclical. For those who want next level information, an important podcast titled “The Most Important Earnings Question And The Two Biggest Mistakes Investors Are Making” will be available shortly in Arora Ambassador Club. Here are the reference points: S&P 500 earnings were about $244 per share in 2024. S&P 500 earnings rose to $275 – $276 in 2025. The current bottom-up consensus is approximately $336 for 2026. The current bottom-up consensus is approximately $387 for 2027. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are negative in Amazon (AMZN), Alphabet (GOOG), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are positive in S&P 500 ETF (SPY) and negative in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7595 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 39 points. Gold futures are at $4073, silver futures are at $58. 91, and oil futures are at $73. 92. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. Dr. Natasha Arora Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals. - Categories: 0 - Tags: BABA, BIDU, KWEB By Nigam Arora China internet ETF KWEB has moved up nicely since the last post. Going forward, there are four positive factors: In The Arora Report analysis, Chinese AI stocks are relatively inexpensive compared to U. S. AI stocks. Chinese models are cheaper than U. S. models. For some tasks, Chinese models are up to 80% cheaper than the U. S. models. Barring interventions by governments, Chinese models are likely to gain market share. Chinese AI stocks are getting a boost from Apple's (AAPL) decision to use Alibaba's (BABA) Qwen large language model along with AI technology from Baidu (BIDU). Both BIDU and BABA are in ETF KWEB. Chinese AI stocks are also getting a boost from anticipation of China's AI Conference, which begins Friday and includes a keynote from President Xi. The negative is that, right now, U. S. AI stocks are getting hit. The negative sentiment from the U. S. could carry over to China. Zones and Ratings The buy zone is *** (To see the locked content, please take a 30 day free trial). As of this writing, KWEB is trading at $27. 50. The short term rating is a ***. The medium term rating is ***. The long term rating is ***. The reason the long term rating is *** is due to the risk of China attacking Taiwan. If it were not for the Taiwan risk, the medium-term and long-term ratings would be a strong buy. What To Do Now Click here to start a 30 day free trial and see what to do now. This post was just published on ZYX Emerging Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, ASML, BABA, BIDU, BTCUSD, GOLD, KWEB, MARKETS, OIL, QQQ, SILVER, SPCX, SPY, TSM By Nigam Arora To gain an edge, this is what you need to know today. Korea Leading Semiconductors Please click here for a chart of Taiwan Semiconductor stock (TSM). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of TSM stock is being used to illustrate the point. Taiwan Semiconductor is important because it manufactures almost all high-performance AI chips. The chart shows that even after good earnings, TSM stock has fallen in the early trade. The chart shows the drop has caused TSM stock to be close to zone 2 (support). In The Arora Report analysis, TSM move above zone 1 (resistance) will indicate another potential leg up in semiconductors. TSM earnings were good. Here are the details: TSM reported Q2 earnings of $4. 31 vs. $3. 81 consensus. Revenues were reported as $40. 2B vs. $39. 83B consensus. That is a 33. 7% year-over-year increase. TSM guided Q3 revenues of $44. 6B - $45. 8B vs. $43. 67B consensus. TSM is adding $100B to its investment in the U. S. , bringing the total to $265B and 12 semiconductor and packaging facilities in the U. S. In The Arora Report analysis, if the same TSM earnings were reported in May, TSM stock would have been up significantly, driving semiconductors as a group much higher. The character of the stock market has changed as semiconductors are now driven by South Korea. Overnight, the South Korean stock market was down 6. 4%. The Bank of Korea hiked its key interest rate by 25 bps to 2. 75%. This is the first hike in over three years. Yesterday, we shared with you good earnings from extreme ultraviolet lithography leader ASML (ASML). After early morning gains, ASML was not able to hold its gains due to anticipated selling in South Korea. In the early trade, tech stocks are coming under considerable pressure, driven by the selloff in South Korea. Of note is that in the early trade, SpaceX (SPCX) stock has fallen below its IPO price. AI stocks in China are getting a boost from Apple’s (AAPL) decision to use Alibaba’s (BABA) Qwen large language model along with AI technology Baidu (BIDU). Both BIDU and BABA are in ETF KWEB. KWEB is in the ZYX Emerging Model Portfolio. Chinese AI stocks are also getting a boost from anticipation of China’s AI Conference, which begins Friday and includes a keynote from President Xi. In The Arora Report analysis, Chinese AI stocks are relatively inexpensive compared to U. S. AI stocks. Prudent investors closely watch retail sales data as the U. S. economy is 70% consumer based. Retail sales are weaker than expected as most U. S. consumers are strapped. Here is the latest retail sales data: June headline retail sales came at 0. 2% vs. 0. 3% consensus. June retail sales ex-auto came at -0. 2% vs. 0. 1% consensus. Initial jobless claims came at 208K vs. 219K consensus. This indicates the employment picture is stable. The intensity of U. S. and Iran attacks is increasing. Traffic through the Strait of Hormuz has come to a crawl. President Trump is facing a difficult decision as it is becoming clear that the U. S. cannot win the war by air only. What President Trump decides may have a major impact on the markets. For the time being, the markets are ignoring the worsening Iran situation. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Alphabet (GOOG), and Microsoft (MSFT). In the early trade, money flows are neutral in Amazon (AMZN). In the early trade, money flows are negative in Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** oil in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ASML, BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SPY By Nigam Arora To gain an edge, this is what you need to know today. Cooler PPI Please click here for a chart of ASML stock (ASML). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of ASML is being used to illustrate the point. ASML is important because ASML is the undisputed leader in extreme ultraviolet lithography machines. Without ASML's machines, none of the advanced AI chips could have been manufactured. The chart shows ASML stock gapping up on earnings. The chart shows that even after the earnings gap up, ASML is still below zone 1 (resistance). The chart shows ASML is comfortably above zone 2 (support). The ASML earnings report is outstanding. Here are the details: ASML reported Q2 EPS of EUR 7. 58 vs. EUR 6. 91 consensus. Revenue came at EUR 9. 33B vs. EUR 10. 23B consensus. ASML guides Q3 revenue of EUR 11. 0 - 12. 0B vs. EUR 10. 43B consensus. ASML guides FY26 revenue of EUR 43B - 45B vs. EUR 39. 82B consensus. In The Arora Report analysis, ASML can be a tell for semiconductors and, in turn, the entire stock market if it breaks above zone 1 or below zone 2. ASML earnings are bringing optimism and buying in the AI trade in the premarket. Yesterday, we shared with you that the Consumer Price Index (CPI) came at -0. 4% vs. -0. 1% consensus. Prudent investors should note that not even one of the 57 economists who contributed to the consensus was even close to being correct. This underscores the importance of staying humble. Follow Arora’s Second Law of Investing and Trading, which states, "Nobody knows with certainty what is going to happen next in the markets. ” Producer Price Index (PPI) came cooler than expected. Here are the details: PPI came at -0. 3% vs. 0. 1% consensus. Core PPI came at 0. 2% vs. 0. 4% consensus. Of note, prior PPI has been revised to 0. 6% from 1. 1%. 1. 1% was a four year high. Just like CPI, economists were wrong on PPI. The Fed’s Beige Book will be released at 2pm ET. The U. S. continues to attack Iran. Iran continues to retaliate. In The Arora Report analysis, Iran is taking advantage of President Trump’s constraints due to the upcoming midterm elections. Oil is not spiking as traders are believing in TACO (Trump Always Chickens Out). As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Alphabet (GOOG) and Nvidia (NVDA). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold Lower PPI is driving buying in gold. The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 0. 056M barrels vs. a consensus of a draw of 2. 7M barrels. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7611 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 126 points. Gold futures are at $4071, silver futures are at $58. 81, and oil futures are at $79. 69. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 By Nigam Arora Artificial intelligence continues to drive one of the strongest earnings environments in decades. Consensus estimates call for another year of exceptional earnings growth, but one question matters more than any earnings forecast: is today's AI-driven earnings growth secular or cyclical? That is the central topic Nigam Arora explores in this interview. The only honest answer is that nobody knows with certainty. That uncertainty should shape how prudent investors approach earnings season. Many investors are making two costly mistakes. The first is recency bias – looking in the rearview mirror and assuming today's winners will remain tomorrow's winners. The second is believing they must choose between two opposing camps: either AI has permanently changed the earnings trajectory of corporate America, or the current surge is simply another powerful semiconductor cycle that will eventually fade. Prudent investing is not about making an all-or-nothing bet on either outcome. The discussion begins with one of the guiding principles behind The Arora Report's investing framework: "Nobody knows with certainty what is going to happen next in the markets. " Rather than attempting to predict the unknowable, the objective is to build portfolios that can perform across a range of possible outcomes – participating in the upside while protecting against meaningful downside if the future turns out differently than the market expects. Nigam also examines what lies beneath the headline earnings numbers. While AI continues to dominate the news, the market is becoming increasingly selective. A relatively small number of companies are driving much of the excitement, while many technology stocks have already experienced significant declines. AI is creating winners and losers at an extraordinary pace, making it increasingly important to look beyond the headline indexes. The interview also explores why investors should avoid chasing yesterday's biggest winners and instead focus on identifying tomorrow's opportunities. Nigam discusses portfolio rotation, international diversification, emerging opportunities in Asia, and why favorable risk-reward often exists where temporary underperformance has caused investors to look elsewhere. The overarching strategy remains straightforward: maintain exposure to the strongest long-term opportunities, manage risk with discipline, take profits when appropriate, rotate as conditions change, and avoid becoming emotionally committed to any single market narrative. Successful investing is not about knowing the future with certainty – it is about preparing for multiple possible futures. Watch the full interview below to hear Nigam Arora's complete analysis of the most important earnings question investors face today and how prudent investors can position themselves regardless of which path the market ultimately takes. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, AMD, BAC, BTCUSD, C, DRAM, GOLD, GS, JPM, MARKETS, MU, NVDA, OIL, QQQ, SILVER, SKHY, SNDK, SOXL, SPY, SSNLF, STX, TSM, WDC, WFC By Nigam Arora To gain an edge, this is what you need to know today. Important Data Ahead Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that on Friday, SOXL managed to rally and close at the top band of zone 2 (support). The chart shows that in the early trade today, SOXL has fallen back into the middle of zone 2. The move was driven by price action in the South Korean stock market. As we have been sharing with you, lately the South Korean stock market has been leading the U. S. stock market. This is a reversal from the historical pattern of the South Korean stock market following the U. S. stock market. The reason for the South Korean stock market leading is that two of the largest memory manufacturers SK Hynix (SKHY) and Samsung (SSNLF) are in South Korea. Overnight, the South Korean Kospi Index fell 9%. SK Hynix fell more than 15%. This is the largest one day loss since SK Hynix listed on the South Korean exchange in 1996. Samsung fell more than 10%. In The Arora Report analysis, the trigger for selling in the South Korean market is that investors were buying ahead of SK Hynix listing in the U. S. SKHY started trading in the U. S. on Friday. The selloff is the classic sell the news reaction. In the early trade, the carry over from South Korea is hitting stocks of Micron (MU), Sandisk (SNDK), Western Digital (WDC), Seagate Technology (STX), and memory ETF (DRAM) especially hard. On the positive side, Taiwan Semiconductor (TSM) reported June revenue rose 68% year-over-year. However, revenue rose only 6. 2% sequentially. TSM is important because TSM manufactures advanced chips for the likes of Nvidia (NVDA), Apple (AAPL), and Advanced Micro Devices (AMD). Over the weekend, the U. S. hit Iran very hard for firing on a ship in the Strait of Hormuz. Iran retaliated by firing on U. S. bases in the region. This morning, there is significant confusion regarding the status of the Strait of Hormuz. Iran has declared the Strait of Hormuz closed. The U. S. is saying the Strait of Hormuz is open. From our sources, there is hardly any traffic in the Strait of Hormuz as of this writing. In The Arora Report analysis, oil is rising a relatively small amount compared to what the weekend events warrant. The reason is there is a long history of the U. S. administration coming out with positive statements regarding Iran every time oil starts going higher or the stock market starts going lower. Professional traders are expecting a positive statement from the administration, and this hope is containing the stock market’s drop and oil’s rise. Tomorrow, four critical hours are ahead. During a span of four hours, the stock market will have to confront the following: The first important set of earnings from banks, including Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), and Wells Fargo (WFC), will be tomorrow before the regular session open. Whisper numbers for bank earnings are running ahead of consensus numbers. Consumer Price Index (CPI) will be released tomorrow at 8:30am ET and may be market moving. Fed Chair Warsh is scheduled to testify before the House Financial Services Committee tomorrow at 10am ET and before the Senate Banking, Housing and Urban Affairs Committee on Wednesday at 10am ET. In The Arora Report analysis, as earnings season starts, the key question for investors is whether the growth in earnings is secular or cyclical. For those who want next level information, an important podcast titled “The Most Important Earnings Question And The Two Biggest Mistakes Investors Are Making” will be available shortly in Arora Ambassador Club. Here are the reference points: S&P 500 earnings were about $244 per share in 2024. S&P 500 earnings rose to $275 – $276 in 2025. The current bottom-up consensus is approximately $336 for 2026. The current bottom-up consensus is approximately $387 for 2027. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are negative in Amazon (AMZN), Alphabet (GOOG), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are positive in S&P 500 ETF (SPY) and negative in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7595 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 39 points. Gold futures are at $4073, silver futures are at $58. 91, and oil futures are at $73. 92. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, AMZN, BAC, BTCUSD, C, CRCL, DAL, DIA, DJIA, DRAM, EWY, GDX, GLD, GOLD, GS, HXSCL, JPM, MARKETS, META, MU, NVDA, OIL, QQQ, SILVER, SKHY, SLV, SMH, SNDK, SOXL, SPCX, SPX, SPY, SSNLF, TBF, TBT, USO, WFC By Nigam Arora & Dr. Natasha Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' SEMIS VOLATILE AS TRADERS WAIT FOR SK HYNIX DISCOUNT TO MICRON CLOSE, U. S. APPROVED CRYPTOBANK Jul 10, 2026 To gain an edge, this is what you need to know today. Watch SK Hynix Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that yesterday SOXL was not able to sustain the initially rally and closed at the top band of zone 2 (support). The chart shows in the early trade, SOXL has dipped into zone 2. Investors are anxiously awaiting trading in SK Hynix (SKHY). How SK Hynix trades will move SOXL and, in turn, the entire stock market. Here are the key points to pay attention to regarding SK Hynix: SK Hynix IPO was priced at $149. SK Hynix offering was 7X oversubscribed. Many large institutions and hedge funds received less allocation than anticipated. This may increase demand after SK Hynix starts trading. SK Hynix trades at a discount to Micron (MU). Micron forward PE is 6. 7 vs. 5. 4 for SK Hynix. SK Hynix is growing faster than Micron. SK Hynix is the largest Nvidia (NVDA) memory supplier. The wisdom among the crowd is that SKHY will quickly move to $185 and thus close the discount to MU. In The Arora Report analysis, prudent investors should also be aware of another scenario. Instead of SK Hynix moving from $149 to $185 to close the discount to Micron, MU stock could move down. Especially if SKHY does not trade well, prudent investors who took partial profits or hedged semiconductor positions in accordance with the May 19 posts would be positioned well. The Arora Report portfolios have been heavy in semiconductors, and there have been extraordinarily large gains. For example, the position in semiconductor ETF (SMH) has a gain of 7440%. The U. S. has approved Circle Internet Group’s (CRCL) cryptobank. The cryptobank approval is a key milestone. For the umpteenth time, the U. S. and Iran have agreed to stop attacking each other. The stock market is reacting positively, and oil is reacting negatively. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Meta (META), Microsoft (MSFT), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL), Alphabet (GOOG), Nvidia (NVDA), In the early trade, money flows are positive in S&P 500 ETF (SPY) and negative in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7588 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 122 points. Gold futures are at $4109, silver futures are at $60. 01, and oil futures are at $71. 95. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. 7X SK HYNIX OVERSUBSCRIPTION BRINGS BUYING IN SEMIS, EARNINGS SEASON AHEAD, OIL PULLS BACK AFTER IRAN ATTACKS Jul 9, 2026 To gain an edge, this is what you need to know today. Buying In Semis Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that the selloff in SOXL yesterday stopped at the low band of zone 2 (support). The chart shows that this morning there is aggressive buying in semiconductors, and SOXL is now above the upper band of zone 2. Buying in semiconductors is lifting the overall stock market in spite of the second wave of U. S. attacks on Iran and Iran’s counter attacks. In The Arora Report analysis, aggressive buying in semiconductors is triggered by the U. S. listing of SK Hynix (HXSCL, SKHY) being 7X oversubscribed. This indicates very heavy demand for the South Korean memory maker. The SK Hynix offering is among the largest for a foreign company in the U. S. SK Hynix will start trading in the U. S. tomorrow. How SK Hynix trades will impact the entire semiconductor sector, and in turn, the entire stock market. To keep you ahead of the curve, we have been sharing with you that the momo crowd is oblivious to increasing memory capacity that is going to come online. So far, The Arora Report thesis is on track. The news this morning is that Micron (MU) is accelerating, spending more than $250B through 2035 to increase production. Of special note, this morning Meta’s (META) stock is being sold on Meta placing its custom AI chip in production in September and Meta’s plan to double its capacity. In The Arora Report analysis, prudent investors should note the change in the character of this stock market. If the same news from Meta had come out last month, META stock would have gone up. In the past, when hyperscalers introduced their own chips and increased compute capacity, their stocks have gone up. Earnings season will start tomorrow with Delta Air Lines (DAL) reporting earnings. The first important set of earnings from banks, including Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), and Wells Fargo (WFC), will be on Tuesday, July 14 before the regular session open. Whisper numbers for bank earnings are running ahead of consensus numbers. In The Arora Report analysis, FOMC minutes showed that this is the most divided Fed in decades. Initial jobless claims came at 215K vs. 220K consensus. This indicates the jobs picture remains strong. Oil rose yesterday after the regular session close on news of a second day of U. S. attacks on Iran. Overnight, oil gave up all its gains in spite of massive Iranian counterattacks. In The Arora Report analysis, the reason oil is having a hard time sustaining gains is two-fold: The belief among oil traders is that President Trump has an eye on the midterm elections, and as such, President Trump is not likely to escalate beyond limited attacks. Iran’s economy is in bad shape. Iran needs to keep selling oil to sustain its economy. As such, Iran is also not likely to escalate beyond limited counter attacks. In The Arora Report analysis, to get ahead of the curve, prudent investors should be aware that there is a high probability of a scenario where there is no permanent deal between the U. S. and Iran, and low level warfare becomes the norm. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. China China is experiencing deflation. Here are the details: June CPI came at -0. 3% month-over-month vs. -0. 2% consensus. June PPI came at -0. 3% month-over-month vs. -0. 3% consensus. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA). In the early trade, money flows are neutral in Tesla (TSLA). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7546 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 21 points. Gold futures are at $4121, silver futures are at $59. 92, and oil futures are at $73. 93. SEMICONDUCTORS BELOW SUPPORT; FED MINUTES AHEAD; TRUMP SAYS IRAN CEASEFIRE IS OVER, BUT WILL HE BACK OFF? Jul 8, 2026 To gain an edge, this is what you need to know today. Will President Trump Back Off? Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that the drop after Samsung’s (SSNLF) great earnings led SOXL below zone 2 (support), but SOXL managed to close above the low band of zone 2 as dip buyers stepped in. The chart shows volume yesterday was higher. The chart shows that in the early trade this morning, SOXL is below the low band of zone 2. In The Arora Report analysis, of note is that semiconductor stocks are falling on Iran related news. This is a shift from recent investor behavior. Recent behavior has been investors buying semiconductor stocks on bad news from Iran on the narrative that semiconductors and AI have nothing to do with Iran. Prudent investors should carefully watch if dip buyers step in and push SOXL back in the support zone. President Trump is saying that the ceasefire with Iran may be “over. ” Here is the key question for investors: Will President Trump back off with his eye on the midterm elections? In The Arora Report analysis, investors should draw a conclusion from the following statement from President Trump, “"Now I’ll let our wonderful negotiators keep talking if they want, but I don’t see it. " The U. S. has revoked Iran’s license to export oil. The U. S. hit over 80 targets in Iran. Iran responded with strikes at Bahrain and Kuwait. These two countries have U. S. bases. Investors are eagerly awaiting the FOMC minutes. The FOMC minutes will give a glimpse into how Warsh intends to run the Fed. FOMC minutes will be released at 2pm ET and may be market moving. We have been warning investors that a potential failure point in the AI trade is being fueled with private market debt. This is different from the internet bubble of the late 1990’s. In The Arora Report analysis, Amazon’s (AMZN) bond sale yesterday shows that investor demand is cooling. The oversubscription for Amazon debt was only 1. 6X vs. 4X for high grade corporate deals seen recently. As a reference in March 2026, Amazon debt was 3. 4X oversubscribed. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 0. 399M barrels vs. a consensus of a draw of 1. 5M barrels. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7509 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 433 points. Gold futures are at $4083, silver futures are at $58. 88, and oil futures are at $73. 38. SAMSUNG SELLOFF SENDS WARNING TO U. S. INVESTORS; AMAZON ENTERS AI DEBT BINGE; IRAN HITS A SHIP Jul 7, 2026 To gain an edge, this is what you need to know today. Samsung Warning Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that yesterday investors were buying SOXL, but SOXL was not able to hold its gain. We shared with you in the Morning Capsule yesterday that buying in semiconductors in the U. S. was mostly the momo crowd buying in anticipation of good Samsung (SSNLF) earnings. The chart shows the fall in SOXL in the early trade this morning after Samsung earnings. The chart shows SOXL is now in zone 2 (support). Prudent investors should carefully watch the following: How SOXL behaves after the initial selling Does SOXL hold zone 2 or move above zone 2 Volume of SOXL today Price action in Micron (MU), Sandisk (SNDK), and memory ETF (DRAM) As we have been sharing with you, lately the U. S. stock market has been following the South Korean stock market. Historically, the South Korean stock market followed the U. S. stock market. The South Korean stock market fell after Samsung earnings, and the selling in South Korea carried over to the U. S. Samsung earnings are outstanding and way above consensus. Here are the details: Q2 preliminary operating profit came at KRW 89. 4T vs. KRW 84. 2T consensus. This is a 56% jump from the previous quarter and a 1900% jump from the same quarter a year earlier. Q2 preliminary revenue came at KRW 171. 0T vs. KRW 162. 2T consensus. Revenue has doubled from the prior year. In spite of outstanding earnings significantly beating consensus, SSNLF stock fell 6. 9% in South Korea. KOSPI Composite, the benchmark for South Korean stocks, fell 4. 9%. Many investors are puzzled as to why SSNLF stock fell after Samsung reported outstanding earnings. As a member of The Arora Report, you were already ahead of the curve. The reason for the fall is that even the outstanding numbers from Samsung did not meet the whisper numbers. Many investors, especially retail investors rely on consensus numbers and do not understand that stocks move on the difference between the reported numbers and the whisper numbers. Whisper numbers are the numbers that analysts privately provide only to their best clients. These numbers are often different from the numbers the same analysts publish for public consumption. After the momo crowd bought semiconductor stocks aggressively ahead of Samsung earnings without any consideration of risk, this morning, the momo crowd is aggressively selling semiconductor stocks. Momo crowd selling is exaggerating the downmove in tech stocks far more than is justified for Samsung’s earnings. Adding to the negative sentiment this morning is that DeepSeek, a leading Chinese LLM developer, is developing its own AI chip to reduce dependence on Nvidia (NVDA). The chip is designed for inference, not training. Amazon (AMZN) is entering the AI debt binge by offering $25B in bonds. The debt is being sold in eight tranches from 3 - 40 years. We previously shared with you The Arora Report analysis that one of the potential failure points in the AI rally is the debt binge that is not financed by banks but by private investors. This is one of the reasons prudent investors should pay attention to the Arora Protection Band. SpaceX (SPCX) is joining Nasdaq 100 today. Wall Street banks are issuing very bullish targets, with one setting a target of $800 for SPCX. The analyst behind the $800 price target is estimating the long term opportunity for SPCX to be $30T – this is far in excess of prior estimates from most analysts including The Arora Report. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Apple (AAPL). In the early trade, money flows are negative in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil Iran has fired missiles at two ships in the Strait of Hormuz. Iran appears to be taking advantage of President Trump’s desire to not escalate before the midterm elections. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. KOREA REBOUND LEADS BUYING IN TECH STOCKS – SAMSUNG EARNINGS AND SK HYNIX LISTING AHEAD, YIELDS PULL BACK Jul 6, 2026 To gain an edge, this is what you need to know today. Tech Rebound Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd’s favorite semiconductor ETF. The chart shows SOXL fell on Thursday into zone 2 (support). The chart shows a large move from the recent attempt to breakout when SOXL traded as high as $302 to the low on Thursday of $168. 88. This underscores the volatility. The chart shows SOXL is seeing buying this morning and is now above zone 2. If zone 2 holds, that will be a positive, not only for semiconductors but for the entire stock market. RSI on the chart shows SOXL is close to becoming oversold and is primed for a bounce. In The Arora Report analysis, an important observation from the chart is that even on a low liquidity pre-holiday trading session, the volume was higher when SOXL experienced a significant drop. This indicates that when SOXL starts dropping, significant fear develops. Paradoxically, the presence of this fear can lead to a rally. The buying in SOXL in the early trade shown on the chart is triggered by a rebound in South Korea. Remember that the South Korean market is home to Samsung (SSNLF) and SK Hynix (HXSCL, SKHY). South Korea ETF (EWY) is in ZYX Emerging, long from the April 2025 buy signal at an average price of $48. 60. As of this writing in the premarket, EWY is trading at $189. 63, representing a gain of 290%. The South Korea market rebounded for two reasons: Samsung will report earnings tomorrow. True to their pattern, the momo crowd is buying ahead of earnings. Earnings are always a risk event, both to the upside and the downside. The momo crowd almost always buys ahead of earnings on hopium that earnings will be better than the consensus and whisper numbers because the momo crowd does not take risk into account. Smart money seldom buys ahead of earnings because smart money is always concerned about risk. SK Hynix is marketing its listing in the U. S. SK Hynix plans to offer 17,790,000 shares at about $158. 14. SKHY shares are expected to start trading in the U. S. on Friday. Contributing to positive sentiment this morning is that SpaceX (SPCX) will be added to the Nasdaq 100 tomorrow. Positive sentiment is also building in Apple (AAPL) stock on speculation that Apple will introduce a foldable phone. Of note is that Samsung has had a foldable phone for years. Buying in stocks in the early trade is extending beyond tech stocks. The reason is yields are pulling back after the jobs report came out weaker than expected. In The Arora Report analysis, a key test for the stock market will be what happens to the stock market after the early buying driven by the foregoing reasons is exhausted. It is common for the stock market to see strong buying after a holiday, only for selling to emerge later. ISM Non-Manufacturing Index will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7559 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 42 points. Gold futures are at $4144, silver futures are at $61. 94, and oil futures are at $68. 32. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. Dr. Natasha Arora Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals. - Categories: 0 - Tags: BTCUSD, CRCL, GOLD, MARKETS, MU, NVDA, OIL, QQQ, SILVER, SKHY, SMH, SOXL, SPY By Nigam Arora To gain an edge, this is what you need to know today. Watch SK Hynix Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that yesterday SOXL was not able to sustain the initially rally and closed at the top band of zone 2 (support). The chart shows in the early trade, SOXL has dipped into zone 2. Investors are anxiously awaiting trading in SK Hynix (SKHY). How SK Hynix trades will move SOXL and, in turn, the entire stock market. Here are the key points to pay attention to regarding SK Hynix: SK Hynix IPO was priced at $149. SK Hynix offering was 7X oversubscribed. Many large institutions and hedge funds received less allocation than anticipated. This may increase demand after SK Hynix starts trading. SK Hynix trades at a discount to Micron (MU). Micron forward PE is 6. 7 vs. 5. 4 for SK Hynix. SK Hynix is growing faster than Micron. SK Hynix is the largest Nvidia (NVDA) memory supplier. The wisdom among the crowd is that SKHY will quickly move to $185 and thus close the discount to MU. In The Arora Report analysis, prudent investors should also be aware of another scenario. Instead of SK Hynix moving from $149 to $185 to close the discount to Micron, MU stock could move down. Especially if SKHY does not trade well, prudent investors who took partial profits or hedged semiconductor positions in accordance with the May 19 posts would be positioned well. The Arora Report portfolios have been heavy in semiconductors, and there have been extraordinarily large gains. For example, the position in semiconductor ETF (SMH) has a gain of 7440%. The U. S. has approved Circle Internet Group’s (CRCL) cryptobank. The cryptobank approval is a key milestone. For the umpteenth time, the U. S. and Iran have agreed to stop attacking each other. The stock market is reacting positively, and oil is reacting negatively. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Meta (META), Microsoft (MSFT), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL), Alphabet (GOOG), Nvidia (NVDA), In the early trade, money flows are positive in S&P 500 ETF (SPY) and negative in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7588 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 122 points. Gold futures are at $4109, silver futures are at $60. 01, and oil futures are at $71. 95. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BAC, BTCUSD, C, DAL, GOLD, GS, HXSCL, JPM, MARKETS, META, MU, OIL, QQQ, SILVER, SKHY, SOXL, SPY, WFC By Nigam Arora To gain an edge, this is what you need to know today. Buying In Semis Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that the selloff in SOXL yesterday stopped at the low band of zone 2 (support). The chart shows that this morning there is aggressive buying in semiconductors, and SOXL is now above the upper band of zone 2. Buying in semiconductors is lifting the overall stock market in spite of the second wave of U. S. attacks on Iran and Iran’s counter attacks. In The Arora Report analysis, aggressive buying in semiconductors is triggered by the U. S. listing of SK Hynix (HXSCL, SKHY) being 7X oversubscribed. This indicates very heavy demand for the South Korean memory maker. The SK Hynix offering is among the largest for a foreign company in the U. S. SK Hynix will start trading in the U. S. tomorrow. How SK Hynix trades will impact the entire semiconductor sector, and in turn, the entire stock market. To keep you ahead of the curve, we have been sharing with you that the momo crowd is oblivious to increasing memory capacity that is going to come online. So far, The Arora Report thesis is on track. The news this morning is that Micron (MU) is accelerating, spending more than $250B through 2035 to increase production. Of special note, this morning Meta’s (META) stock is being sold on Meta placing its custom AI chip in production in September and Meta’s plan to double its capacity. In The Arora Report analysis, prudent investors should note the change in the character of this stock market. If the same news from Meta had come out last month, META stock would have gone up. In the past, when hyperscalers introduced their own chips and increased compute capacity, their stocks have gone up. Earnings season will start tomorrow with Delta Air Lines (DAL) reporting earnings. The first important set of earnings from banks, including Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), and Wells Fargo (WFC), will be on Tuesday, July 14 before the regular session open. Whisper numbers for bank earnings are running ahead of consensus numbers. In The Arora Report analysis, FOMC minutes showed that this is the most divided Fed in decades. Initial jobless claims came at 215K vs. 220K consensus. This indicates the jobs picture remains strong. Oil rose yesterday after the regular session close on news of a second day of U. S. attacks on Iran. Overnight, oil gave up all its gains in spite of massive Iranian counterattacks. In The Arora Report analysis, the reason oil is having a hard time sustaining gains is two-fold: The belief among oil traders is that President Trump has an eye on the midterm elections, and as such, President Trump is not likely to escalate beyond limited attacks. Iran’s economy is in bad shape. Iran needs to keep selling oil to sustain its economy. As such, Iran is also not likely to escalate beyond limited counter attacks. In The Arora Report analysis, to get ahead of the curve, prudent investors should be aware that there is a high probability of a scenario where there is no permanent deal between the U. S. and Iran, and low level warfare becomes the norm. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. China China is experiencing deflation. Here are the details: June CPI came at -0. 3% month-over-month vs. -0. 2% consensus. June PPI came at -0. 3% month-over-month vs. -0. 3% consensus. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA). In the early trade, money flows are neutral in Tesla (TSLA). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7546 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 21 points. Gold futures are at $4121, silver futures are at $59. 92, and oil futures are at $73. 93. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMZN, BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SOXL, SPY, SSNLF By Nigam Arora To gain an edge, this is what you need to know today. Will President Trump Back Off? Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that the drop after Samsung’s (SSNLF) great earnings led SOXL below zone 2 (support), but SOXL managed to close above the low band of zone 2 as dip buyers stepped in. The chart shows volume yesterday was higher. The chart shows that in the early trade this morning, SOXL is below the low band of zone 2. In The Arora Report analysis, of note is that semiconductor stocks are falling on Iran related news. This is a shift from recent investor behavior. Recent behavior has been investors buying semiconductor stocks on bad news from Iran on the narrative that semiconductors and AI have nothing to do with Iran. Prudent investors should carefully watch if dip buyers step in and push SOXL back in the support zone. President Trump is saying that the ceasefire with Iran may be “over. ” Here is the key question for investors: Will President Trump back off with his eye on the midterm elections? In The Arora Report analysis, investors should draw a conclusion from the following statement from President Trump, “Now I’ll let our wonderful negotiators keep talking if they want, but I don’t see it. " The U. S. has revoked Iran’s license to export oil. The U. S. hit over 80 targets in Iran. Iran responded with strikes at Bahrain and Kuwait. These two countries have U. S. bases. Investors are eagerly awaiting the FOMC minutes. The FOMC minutes will give a glimpse into how Warsh intends to run the Fed. FOMC minutes will be released at 2pm ET and may be market moving. We have been warning investors that a potential failure point in the AI trade is being fueled with private market debt. This is different from the internet bubble of the late 1990’s. In The Arora Report analysis, Amazon’s (AMZN) bond sale yesterday shows that investor demand is cooling. The oversubscription for Amazon debt was only 1. 6X vs. 4X for high grade corporate deals seen recently. As a reference in March 2026, Amazon debt was 3. 4X oversubscribed. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is ***. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 0. 399M barrels vs. a consensus of a draw of 1. 5M barrels. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7509 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 433 points. Gold futures are at $4083, silver futures are at $58. 88, and oil futures are at $73. 38. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMZN, BTCUSD, DRAM, GOLD, MARKETS, MU, NVDA, OIL, QQQ, SILVER, SNDK, SOXL, SPCX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Samsung Warning Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. The chart shows that yesterday investors were buying SOXL, but SOXL was not able to hold its gain. We shared with you in the Morning Capsule yesterday that buying in semiconductors in the U. S. was mostly the momo crowd buying in anticipation of good Samsung (SSNLF) earnings. The chart shows the fall in SOXL in the early trade this morning after Samsung earnings. The chart shows SOXL is now in zone 2 (support). Prudent investors should carefully watch the following: How SOXL behaves after the initial selling Does SOXL hold zone 2 or move above zone 2 Volume of SOXL today Price action in Micron (MU), Sandisk (SNDK), and memory ETF (DRAM) As we have been sharing with you, lately the U. S. stock market has been following the South Korean stock market. Historically, the South Korean stock market followed the U. S. stock market. The South Korean stock market fell after Samsung earnings, and the selling in South Korea carried over to the U. S. Samsung earnings are outstanding and way above consensus. Here are the details: Q2 preliminary operating profit came at KRW 89. 4T vs. KRW 84. 2T consensus. This is a 56% jump from the previous quarter and a 1900% jump from the same quarter a year earlier. Q2 preliminary revenue came at KRW 171. 0T vs. KRW 162. 2T consensus. Revenue has doubled from the prior year. In spite of outstanding earnings significantly beating consensus, SSNLF stock fell 6. 9% in South Korea. KOSPI Composite, the benchmark for South Korean stocks, fell 4. 9%. Many investors are puzzled as to why SSNLF stock fell after Samsung reported outstanding earnings. As a member of The Arora Report, you were already ahead of the curve. The reason for the fall is that even the outstanding numbers from Samsung did not meet the whisper numbers. Many investors, especially retail investors rely on consensus numbers and do not understand that stocks move on the difference between the reported numbers and the whisper numbers. Whisper numbers are the numbers that analysts privately provide only to their best clients. These numbers are often different from the numbers the same analysts publish for public consumption. After the momo crowd bought semiconductor stocks aggressively ahead of Samsung earnings without any consideration of risk, this morning, the momo crowd is aggressively selling semiconductor stocks. Momo crowd selling is exaggerating the downmove in tech stocks far more than is justified for Samsung’s earnings. Adding to the negative sentiment this morning is that DeepSeek, a leading Chinese LLM developer, is developing its own AI chip to reduce dependence on Nvidia (NVDA). The chip is designed for inference, not training. Amazon (AMZN) is entering the AI debt binge by offering $25B in bonds. The debt is being sold in eight tranches from 3 - 40 years. We previously shared with you The Arora Report analysis that one of the potential failure points in the AI rally is the debt binge that is not financed by banks but by private investors. This is one of the reasons prudent investors should pay attention to the Arora Protection Band. SpaceX (SPCX) is joining Nasdaq 100 today. Wall Street banks are issuing very bullish targets, with one setting a target of $800 for SPCX. The analyst behind the $800 price target is estimating the long term opportunity for SPCX to be $30T – this is far in excess of prior estimates from most analysts including The Arora Report. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Apple (AAPL). In the early trade, money flows are negative in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil Iran has fired missiles at two ships in the Strait of Hormuz. Iran appears to be taking advantage of President Trump’s desire to not escalate before the midterm elections. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates and bonds are range bond. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7585 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 237 points. Gold futures are at $4178, silver futures are at $61. 89, and oil futures are at $69. 31. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, BTCUSD, EWY, GOLD, HXSCL, MARKETS, OIL, QQQ, SILVER, SKHY, SOXL, SPCX, SPY, SSNLF By Nigam Arora To gain an edge, this is what you need to know today. Tech Rebound Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd’s favorite semiconductor ETF. The chart shows SOXL fell on Thursday into zone 2 (support). The chart shows a large move from the recent attempt to breakout when SOXL traded as high as $302 to the low on Thursday of $168. 88. This underscores the volatility. The chart shows SOXL is seeing buying this morning and is now above zone 2. If zone 2 holds, that will be a positive, not only for semiconductors but for the entire stock market. RSI on the chart shows SOXL is close to becoming oversold and is primed for a bounce. In The Arora Report analysis, an important observation from the chart is that even on a low liquidity pre-holiday trading session, the volume was higher when SOXL experienced a significant drop. This indicates that when SOXL starts dropping, significant fear develops. Paradoxically, the presence of this fear can lead to a rally. The buying in SOXL in the early trade shown on the chart is triggered by a rebound in South Korea. Remember that the South Korean market is home to Samsung (SSNLF) and SK Hynix (HXSCL, SKHY). South Korea ETF (EWY) is in ZYX Emerging, long from the April 2025 buy signal at an average price of $48. 60. As of this writing in the premarket, EWY is trading at $189. 63, representing a gain of 290%. The South Korea market rebounded for two reasons: Samsung will report earnings tomorrow. True to their pattern, the momo crowd is buying ahead of earnings. Earnings are always a risk event, both to the upside and the downside. The momo crowd almost always buys ahead of earnings on hopium that earnings will be better than the consensus and whisper numbers because the momo crowd does not take risk into account. Smart money seldom buys ahead of earnings because smart money is always concerned about risk. SK Hynix is marketing its listing in the U. S. SK Hynix plans to offer 17,790,000 shares at about $158. 14. SKHY shares are expected to start trading in the U. S. on Friday. Contributing to positive sentiment this morning is that SpaceX (SPCX) will be added to the Nasdaq 100 tomorrow. Positive sentiment is also building in Apple (AAPL) stock on speculation that Apple will introduce a foldable phone. Of note is that Samsung has had a foldable phone for years. Buying in stocks in the early trade is extending beyond tech stocks. The reason is yields are pulling back after the jobs report came out weaker than expected. In The Arora Report analysis, a key test for the stock market will be what happens to the stock market after the early buying driven by the foregoing reasons is exhausted. It is common for the stock market to see strong buying after a holiday, only for selling to emerge later. ISM Non-Manufacturing Index will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7559 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 42 points. Gold futures are at $4144, silver futures are at $61. 94, and oil futures are at $68. 32. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, MSTR, OIL, QQQ, SILVER, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Low Liquidity Ahead Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows zone 1 (support) contained the stock market’s pullback. The chart shows the stock market is now above zone 1 and trying to rebound. RSI on the chart shows the stock market can go either way. Due to the upcoming Independence Day holiday, the stock market is about to end a low liquidity period. In a low liquidity period, the stock market can easily be pushed around in either direction. Historically, the momo crowd pushes the stock market higher, taking advantage of low liquidity before the holiday. Fed Chair Warsh will be speaking tomorrow at the European Central Bank forum. After his hawkish press conference, the markets are eagerly awaiting Warsh’s speech to learn about the future direction of the Fed. Expect blind money to flow into the stock market tomorrow and Thursday. Blind money is the money that flows into the stock market on the first two days of the month without any analysis irrespective of market conditions. Wall Street is buying stocks to front run blind money. Typically, Wall Street profits by selling to blind money at higher prices. Since blind money does not do any analysis, they are not sensitive to the prices they pay. The jobs report will be released early on Thursday instead of the usual Friday because of the holiday. Lately, the jobs reports have shown significant divergence from the consensus estimates of economists. The momo crowd is buying stocks in the early trade. Buying is especially aggressive in semiconductors. It appears that selling due to quarter end rebalancing is meeting the momo crowd’s buying. Consumer confidence will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA) and Alphabet (GOOG). In the early trade, money flows are neutral in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are negative in Amazon (AMZN), Meta (META), and Tesla (TSLA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Michael Saylor’s company Strategy (MSTR) has abandoned its “never sell bitcoin” approach. The fact that bitcoin’s biggest bull is ready to sell bitcoin (BTC. USD) is bringing in selling to bitcoin. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7494 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 61 points. Gold futures are at $4030, silver futures are at $58. 89, and oil futures are at $71. 05. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMAT, BTCUSD, GOLD, HXSCL, MARKETS, OIL, QQQ, SILVER, SPY, SSNLF By Nigam Arora To gain an edge, this is what you need to know today. Leading Indicator Please click here for a chart of Applied Materials stock (AMAT). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of AMAT stock is being used to illustrate the point. The chart is a monthly chart to give a long term view. The chart shows a massive move up in AMAT stock. To get ahead of the curve in this market driven by semiconductor mania, prudent investors should keep an eye on AMAT stock. The reason is that AMAT is one of the largest suppliers of semiconductor manufacturing equipment. AMAT stock is in an uber bullish mode because demand for Applied Material’s equipment is the highest it has ever been due to new capacity being added in semiconductor manufacturing. In The Arora Report analysis, at some point likely in 2028, semiconductor demand will slow. AMAT stock will give an early warning as demand for semiconductor manufacturing equipment will slow. Watching AMAT stock will help you stay ahead of the curve. AMAT is in the ZYX Buy Core Model Portfolio, long from an average of $16. 00 AMAT stock is trading at $650. 00 as of this writing in the premarket. This represents a gain of 3962% for members of The Arora Report. As a member of The Arora Report, you have been ahead of the curve. On Friday we wrote: As a member of The Arora Report, you have been ahead of the curve. We have been sharing with you that more memory and semiconductor capacity is coming online. The stock market is oblivious at this time. There is speculation that SK Hynix (HXSCL) and Samsung (SSNLF) will announce hundreds of billions of dollars of investments next week. All of these new investments are going to increase supply. The news today is that Samsung and SK Hynix are going to spend $500B on new semiconductor fabs. The momo crowd is excited about the news from South Korea and buying semiconductor stocks and other tech stocks in the early trade. The momo crowd is oblivious to the cycle of increasing capacity ultimately leading to a drop in semiconductor stocks. For the umpteenth time, there is aggressive buying on the news that the U. S. and Iran have agreed to talks after striking each other Friday and over the weekend. In The Arora Report analysis, buying on the same news for the umpteenth time is a sign of extreme positive sentiment. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7459 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 212 points. Gold futures are at $4057, silver futures are at $58. 82, and oil futures are at $69. 99. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, BTCUSD, DIA, DJIA, DRAM, EWJ, EWY, GDX, GLD, GOLD, GOOG, GOOGL, HXSCL, IBM, MARKETS, MSFT, MU, OIL, ORCL, QCOM, QQQ, SFTBY, SILVER, SLV, SOXL, SPCX, SPX, SPY, SSNLF, TBF, TBT, USO By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' REBALANCING, APPLE, MICROSOFT, AND KOREA SPOIL MICRON’S PARTY – MARKET CHARACTER MAY HAVE BEGUN TO CHANGE Jun 26, 2026 To gain an edge, this is what you need to know today. Market Character Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector, and semiconductor mania is largely instrumental in driving the stock market higher. SOXL is the momo crowd's favorite semiconductor ETF. For this reason, prudent investors should watch SOXL as a tell for the entire stock market. The chart shows that semiconductors gap opened yesterday on blowout earnings from memory maker Micron (MU). Please see yesterday’s Morning Capsule for more. The chart shows that semiconductors approached the low band of zone 1 (resistance). The chart shows that in the early trade this morning, semiconductors have given up all of their Micron gains. In yesterday’s Morning Capsule, we wrote: Apple (AAPL) is announcing significant price hikes due to higher memory prices. It will be interesting to see if consumers easily absorb the price increases or if it results in reduced demand. Microsoft (MSFT) is also increasing prices on Xbox. Both Apple and Microsoft are increasing prices due to higher memory prices. Micron’s gain is Apple’s and Microsoft's pain. The stock market started worrying about how many other companies are going to raise prices due to higher memory prices. This can lead to both demand destruction and higher inflation. The stock market’s character may have begun to change. Prudent investors need to pay attention when the market character changes. However, note that the character change is nascent, and we will be watching to see if it progresses or fades. If Micron had reported the same earnings a month ago, MU stock would have gone much higher than it did yesterday, and SOXL would have likely decisively broken to a new high. If Apple and Microsoft had increased prices a month ago, this would have triggered buying on the narrative that higher prices means more revenue for Apple and Microsoft; the stock market would have been oblivious to the potential of demand destruction and inflation. Overnight, there was aggressive selling in South Korea again. In the overnight trading, selling in South Korea spilled into the U. S. and the selling in the U. S. is persisting this morning. A month ago, South Korea and Taiwan were following the U. S. market. Now, the U. S. market is following the South Korea and Taiwan markets. The best way for prudent investors to deal with any market character change is to follow the Arora Protection Band. Again, you have been ahead of the curve as the protection band has lately been gradually increased ahead of the first signs of a market character change. As a member of The Arora Report, you have been ahead of the curve. We have been sharing with you that more memory and semiconductor capacity is coming online. The stock market is oblivious at this time. There is speculation that SK Hynix (HXSCL) and Samsung (SSNLF) will announce hundreds of billions of dollars of investments next week. All of these new investments are going to increase supply. There is speculation that OpenAI’s IPO may be delayed. This is a double edged sword. On one hand, a delay will reduce the supply of new stock that is coming to the stock market. On the other hand, a delay may dampen sentiment. As a member of The Arora Report, you have been ahead of the curve. We have been sharing with you in advance that quarter end rebalancing may entail over $100B of equity selling. This selling is beginning to impact the stock market. University of Michigan consumer sentiment will be released at 10am ET and may be market moving. Looking ahead, the stock market may get a boost when the month turns as blind money will pour into the stock market on July 1 and July 2. Blind money is the money that has drunk the Koolaid that they are not capable of learning about the stock market and must send their money to Wall Street every month without any analysis. The seasonality around the July 4 holiday is also positive. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Meta (META). In the early trade, money flows are negative in Alphabet (GOOG), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7386 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 90 points. Gold futures are at $4059, silver futures are at $58. 22, and oil futures are at $69. 55. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. AI OPTIMISM REIGNITES ON MICRON EARNINGS BUT MORE MEMORY SUPPLY AHEAD, PCE SHOWS STICKY INFLATION Jun 25, 2026 To gain an edge, this is what you need to know today. More Memory Supply Please click here for a chart of Micron stock (MU). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point. Prudent investors need to keep an eye on MU stock because lately MU stock has been leading the semiconductor mania. The chart shows MU stock has moved up into zone 1 (resistance) after reporting earnings. If MU breaks above zone 1 shown on the chart, $1500 is the next magnet. The momo crowd is shooting for $2000. Members of The Arora Report are long MU from an average of $21. 77. MU is trading at $1233. 78 as of this writing in the premarket, representing a gain of 5567%. Micron earnings were a blowout, exceeding the whisper numbers. Whisper numbers had moved up going into earnings. Micron earnings are reigniting AI optimism. This morning, there is aggressive buying in the AI trade. The bullishness is spilling into the rest of the stock market. The most important point from Micron’s earnings is that Micron has struck 16 long term deals to lock in pricing and volume. If Micron and its competitors are able to accelerate this trend, it will be a structural shift. This structural shift will smooth out historic boom bust cycles in memory. The result may be a higher PE for Micron. Markets always have crosscurrents. In the middle of the good news of a structural shift in the memory business and uber bullishness this morning, prudent investors need to remember that in The Arora Report analysis more memory supply is coming online. Micron itself had a capex of $7. 1B in Q3. Micron plans a capex of $10B in Q4 and $27B in FY27. A vast majority of this capex is going to increase supply. So far, the momo crowd is oblivious to the potential increase in memory supply. Apple (AAPL) is announcing significant price hikes due to higher memory prices. It will be interesting to see if consumers easily absorb the price increases or if it results in reduced demand. Also on the positive side, Qualcomm (QCOM) raised its FY29 non-handset revenue projection to $40B. This is a big jump. Historically, many have considered Qualcomm as a handset technology and chip provider. QCOM is in the ZYX Buy Core Model Portfolio, long from an average of $47. 13. QCOM is trading at $216. 38 as of this writing in the premarket, representing a gain of 359%. In a major development for the semiconductor industry, International Business Machines (IBM) is unveiling the world’s first sub-1nm chip technology using transistor architecture at 0. 7nm. When commercialized this will be a major leap in semiconductor manufacturing. As a reference, compared to IBM’s 2nm node chips, the new technology provides up to 70% better energy efficiency and 50% more performance. PCE is the Fed's favorite inflation gauge. Inflation came inline. Here are the details: Headline PCE came at 0. 4% vs. 0. 4% consensus. Core PCE came at 0. 3% vs. 0. 3% consensus. The U. S. economy is 70% consumer based. For this reason, prudent investors pay attention to personal income and personal spending. The data shows the consumer is strong as they borrow more and deplete their savings. Here are the details: Personal spending came at 0. 7% vs. 0. 3% consensus. Personal income came at 0. 7% vs. 0. 3% consensus. GDP data is strong. Here are the details: Q1 GDP third estimate came at 2. 1% vs. 1. 6% consensus. Q1 GDP Deflator third estimate came at 3. 6% vs. 3. 5% consensus. Durable goods data is mixed. Here are the details: Durable Goods Orders came at -4. 5% vs. -3. 2% consensus. Durable Goods Orders Ex-Transportation came at 1. 3% vs. 0. 5% consensus. Initial jobless claims came at 215K vs. 225K consensus. In The Arora Report analysis, the foregoing data shows the economy is resilient with sticky underlying inflation. Retreating oil prices will help. If the future data comes similar to the foregoing, in spite of President Trump’s wishes for lower interest rates, the Fed may have no choice but to raise interest rates. Prudent investors should note the stock market is not prepared for potential higher interest rates. Consider getting ahead of the curve and remember that in spite of this morning’s uber bullishness, quarter end rebalancing is ahead. As we have previously shared with you, in The Arora Report analysis, over $100B worth of equities will be sold in quarter end rebalancing. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** buying stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7485 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 134 points. Gold futures are at $4018, silver futures are at $57. 74, and oil futures are at $69. 38. PAY ATTENTION: SK HYNIX U. S. LISTING IS BAD NEWS FOR MICRON, REACTION TO MICRON EARNINGS TO TEST AI TRADE Jun 24, 2026 To gain an edge, this is what you need to know today. AI Trade Test Ahead Please click here for a chart of Micron stock (MU). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point. Prudent investors need to keep an eye on MU stock because lately MU stock has been leading the semiconductor mania. The chart shows MU stock reached zone 1 (resistance) on Monday. The chart shows a big drop in MU stock yesterday in sympathy with a 10% down day in South Korea. Please see yesterday’s Morning Capsule for details. The chart shows that in spite of the big drop yesterday, MU stock remained above trendline 2. Micron will report earnings after the close today. It is not earnings but the reaction to earnings that will matter. In five of the last six quarters, the immediate reaction to Micron earnings was the stock fell. The reason was that going into earnings the momo crowd aggressively bought MU stock and whisper numbers rose but Micron’s actual earnings were below whisper numbers. As the chart shows, this time the momo crowd has also been aggressively buying MU stock ahead of earnings, but the stock price was disrupted by a down move in the South Korean stock market. Earnings is a risk event, both to the upside and downside. For this reason, smart money usually does not buy before earnings because smart money cares about both rewards and risks. On the other hand, the momo crowd buys ahead of earnings because their strategy is hopium and the momo crowd does not care about the risk. In The Arora Report analysis, the reaction to Micron earnings will test the entire AI trade and, in turn, the entire stock market. The momo crowd is oblivious, but prudent investors should pay attention to another development that will impact MU stock. SK Hynix (HXSCL) is planning to raise $29B from U. S. investors by listing its shares in the U. S. The SK Hynix plan could be bad news for Micron for two reasons: SK Hynix will have an extra $29B to increase memory manufacturing capacity. As a member of The Arora Report, you have been ahead of the curve. We have been sharing with you that more memory capacity is coming online. The momo crowd is oblivious. As more memory capacity comes on the line, it will reduce memory shortages. In theory, memory prices should drop. SK Hynix ADR will give U. S. investors a second memory stock to buy in addition to MU stock. Some institutions may sell MU stock to buy HXSCL stock. The negative impact of this development will be cushioned because the momo crowd has been aggressively buying ETF DRAM. DRAM holds MU, HXSCL, and Samsung (SSNFL). There are important developments in oil and gold. Please see the appropriate sections below. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL) and Alphabet (GOOG). In the early trade, money flows are neutral in Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in Amazon (AMZN) and Microsoft (MSFT). In the early trade, money flows are neutral in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is indeterminable due to noise in the data. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold As of this writing, gold has fallen below the psychologically important support of $4000. Note that the very popular Arora Report rating on gold has been negative for the short term. Long time members of The Arora Report are long gold from an average of $1103 and partial profits were taken as high as $5511. For those who are interested in next level information on gold, there are several podcasts in Arora Ambassador Club. The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 0. 765M barrels vs. a previous draw of 8. 33M barrels. Brent oil has broken below the psychologically important level of $75 for the first time since oil’s rise due to the Iran war. There are three reasons: Many investors are not paying attention to the fact that China is not buying oil as it used to. China is using oil from storage. Right now, the biggest determinant of the price of oil is not Iran or the U. S. , but China. In The Arora Report analysis, there are significant geopolitical implications of China attempting to wrest control of oil prices from the U. S. in an attempt to assert global leadership and hurt the U. S. dollar. Significant tanker traffic has passed through the Strait of Hormuz. President Trump’s statements The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7451 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000: support levels are 7318, 7194, and 7032. DJIA futures are down 36 points. Gold futures are at $4020, silver futures are at $58. 87, and oil futures are at $71. 14. SEMI MANIA GETS A REALITY CHECK FROM SOUTH KOREA, PRUDENT INVESTORS PAY ATTENTION TO SHIFT IN AI TOKENS Jun 23, 2026 To gain an edge, this is what you need to know today. Korea Drops 10% Please click here for a chart of South Korea ETF (EWY). Note the following: As we have previously shared, prudent investors pay attention to stocks in South Korea because South Korea is like a canary in the coal mine for the AI trade and the semiconductor mania. The reason is that two of the three biggest memory manufacturers, SK Hynix (HXSCL) and Samsung (SSNLF), are South Korea based. The third is Micron (MU). Micron is U. S. based. An easy way to watch the South Korean market is to watch ETF EWY. The chart shows South Korea ETF EWY crossed slightly above the low band zone 1 (resistance) the day before yesterday, hitting an all time high. Those who trade only based on traditional technical analysis deemed it to be a breakout and aggressively bought Korean stocks. The chart shows last night EWY fell about 10%. Now, it is clear that the breakout was false. This illustrates why prudent investors should not use traditional technical analysis alone. Moreover, traditional technical analysis no longer works as well as it used to. Please click here to see the reason. The Arora Report proprietary system synergistically combines the best elements of technical analysis, including new proprietary indicators that work, macro analysis, fundamental analysis, and quantitative analysis. The chart shows zone 2 (support). Prudent investors should carefully watch what happens to EWY relative to zone 1 and zone 2, especially after Micron earnings. Micron will report earnings tomorrow after the close. Members of The Arora Report are long MU from an average of $21. 77. MU stock closed yesterday at $1211. 38, representing a gain of 5464%. The chart shows the Arora buy signal for EWY. South Korea ETF (EWY) is long from an average of $48. 60 from the April 9, 2025 signal. EWY is in ZYX Emerging. Even after the drop this morning shown on the chart, members of The Arora Report still have a gain of 301%. The proximate cause of the sell off in South Korean stocks was an unconfirmed local report that SK Hynix is shifting DRAM capacity from high bandwidth memory (HBM) used in AI data centers in favor of general purpose DRAM. If the report is correct, why would SK Hynix make such a move? In The Arora Report analysis, HBM has significantly higher profit margins. The only reason to make the reported move would be if the demand for HBM is slowing. In The Arora Report analysis, prudent investors should take the report from Korea with a grain of salt. The Arora Report analysis has been that the demand for AI semiconductors is going to continue throughout 2026 and will slow in 2027 to 2028. Prudent investors need to keep in mind that markets look ahead 6 - 18 months. The drop in South Korean stocks is causing a selloff in semiconductor stocks in the U. S. in the early trade. The momo crowd’s favorite ETF DRAM that represents semiconductor memory is down 12. 6%, and the momo crowd’s favorite leveraged semiconductor ETF SOXL is down 19. 7% as of this writing in the premarket. We have been sharing with you that the risks of a pullback in the stock market are rising. The key question for prudent investors is how to participate in the upside from three manias and simultaneously protect their portfolios. The answer is dynamic hedging. In practice, dynamic hedging can become complex. Fortunately, there is an easy, actionable way to implement dynamic hedging using the Arora Protection Band. As a reference point, the Arora Protection Band was raised on June 17. In addition to paying attention to semiconductors, prudent investors should get ahead of the curve and pay attention to quarter end rebalancing. In The Arora Report analysis, institutions will likely be selling over $100B in equities and shifting the money to bonds. The premise behind the ZYX Change Method is that investors may generate more alpha by identifying significant changes early. Prudent investors should pay attention to a new change that is just beginning to happen. Until now, the guiding principle in large corporations was token max as they wanted to maximize the use of AI. Now, the trend is shifting to token min. The reason is the rising costs of tokens. Prudent inventors should also pay attention to another change along with the shift from token max to token min. The models from Google (GOOG, GOOGL), Anthropic, and OpenAI are very expensive. Corporations are beginning to look at cheaper open source models for some tasks. Further, prudent investors should note there is a flood of cheaper open source models coming from China. In The Arora Report's preliminary analysis, for certain tasks the cost of using the top U. S. models is eight times the cost of cheap Chinese models. On the positive side, the Trump administration is looking at providing low cost loans for nuclear power and also setting up a new initiative to promote quantum computing. On the negative side, SpaceX (SPCX) stock saw aggressive selling yesterday on concerns about valuation and the hype was overdone. Another reason that is adding to the SPCX selloff is SoftBank (SFTBY) CEO Masayoshi Son coming out negative on space data centers. Space data centers are one of the reasons investors got excited about SPCX. Adding to the persistent tech layoffs is the news that Oracle (ORCL) is laying off 21,000 workers. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Prudent investors pay attention to Japan because of the carry trade. In the carry trade, investors have borrowed hundreds of billions of dollars in Japan to invest in the U. S. , lately in the AI trade. The Japanese yen moved up from the lows after Japan’s Finance Minister Katayama and Treasury Secretary Bessent had a phone call. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Microsoft (MSFT). In the early trade, money flows are neutral in Amazon (AMZN). In the early trade, money flows are negative in Apple (AAPL), Nvidia (NVDA),Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** in stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7430 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 233 points. Gold futures are at $4127, silver futures are at $61. 85, and oil futures are at $73. 65. SEMICONDUCTOR MANIA REACHES A CRITICAL POINT, WARSH HAWKISHNESS ADDS TO RISK OF CORRECTION Jun 22, 2026 To gain an edge, this is what you need to know today. Critical Point in Semi Mania Please click here for a chart of leverage semiconductor ETF (SOXL). Note the following: Semiconductors are the leading sector, and semiconductor mania is largely instrumental in driving the stock market higher. SOXL is the momo crowd’s favorite semiconductor ETF. For this reason, prudent investors should watch SOXL as a tell for the entire stock market. The chart shows that in the early trade this morning, SOXL has reached the upper band of zone 1 (resistance). This is a critical point for the following reasons: Stops of short sellers are just above this point. If the stops are taken out, it can drive SOXL higher. If SOXL moves higher, those trading exclusively on traditional technical analysis will call it a breakout and aggressively buy. If SOXL goes above the psychological level of $300, the momo crowd’s already aggressive buying may become super aggressive. Last night, stock futures opened lower on Iran closing the Strait of Hormuz and blaming Israel for ceasefire violations in Lebanon. President Trump responded by threatening to bomb Iran. In overnight trading, semiconductors were seeing aggressive selling when the news came from Pakistan that substantial progress was made in talks in Switzerland. On this news, stock futures immediately turned up and oil fell. Simultaneously , very aggressive buying came in semiconductors in overnight trading. As the morning has progressed, buying in semiconductors has become more aggressive as of this writing. In overnight trading, SOXL traded as low as $260. 73 and is trading at $299. 13 as of this writing in the premarket – this illustrates the wide range. We have previously written that the momo crowd buys semiconductors when there is bad news related to Iran on the narrative that semiconductors have nothing to do with Iran and oil. The momo crowd also buys semiconductors aggressively when there is good news from Iran. This is how manias work. Micron (MU) will report earnings Wednesday after the close. Micron is the sole U. S. based, major memory manufacturer. Prudent investors should carefully watch how the stock market reacts to Micron earnings. There is a fair probability that a breakout in semiconductors here may turn out to be a false breakout. Three manias continue to drive the stock market: semi mania, space mania, and options mania. In the early trade, SpaceX (SPCX) stock is seeing selling. Fed Chair Warsh’s unexpected hawkishness has increased the risk of a correction. When President Trump hand picked Warsh as Fed Chair, the expectation was that Warsh would be dovish. In his press conference after the FOMC meeting, Warsh was unexpectedly hawkish. Here are the key points: The Fed has a dual mandate: full employment and price stability. Warsh focused on price stability and did not mention full employment. Warsh took head on the fact that the Fed has been giving lip service to greater than 2% inflation but has not taken the hard steps necessary to achieve its objective. In The Arora Report analysis, one of the three reasons for the stock market rise since the 2022 low has been monetary policy. The other two reasons have been AI and fiscal policy. If monetary policy tightens, it is a risk for the stock market but a positive for bonds. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Nikkei in Japan hit 72,000. Japan ETF EWJ is in the ZYX Allocation Model Portfolio. The stock market in Japan is going higher on reported plans in Japan to invest 10. 5T yen in AI projects by 2040. At the same time, expectations for another rate hike from the Bank of Japan (BOJ) are rising. U. K. Prime Minister Starmer has resigned after a party rebellion. Andy Burnham is likely to become the U. K. ’s sixth prime minister in seven years. In The Arora Report analysis, unless bonds in the U. K. react badly, this event does not have negative implications for non-U. K. based investors. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Nvidia (NVDA). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7574 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 70 points. Gold futures are at $4212, silver futures are at $66. 63, and oil futures are at $74. 69. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: GLD, GOLD By Nigam Arora Recently, CNBC published an article examining the sharp decline in gold prices and the factors driving the selloff. As part of its reporting, CNBC quoted Nigam Arora, founder of The Arora Report, for perspective on what was happening beneath the surface of the gold market. Click here to read CNBC's article. CNBC quoted two observations from Nigam Arora. Because news articles necessarily have limited space, this article expands on the thinking behind those comments and, more importantly, what prudent investors should take away. Markets rarely move for a single reason. News articles and television segments necessarily condense complex market dynamics into a few paragraphs or a few minutes. The two quotes in the CNBC article captured important observations, but they could not fully explain the combination of macroeconomic forces, money flows, technical factors, and investor psychology driving the move. Those are the factors prudent investors should understand before making portfolio decisions. Gold: Looking Beyond The Charts CNBC quoted Arora as saying: "Turkey's central bank is selling gold and buying dollars trying to support the lira, and the gulf nations – Qatar, UAE, Saudi Arabia – they need the money for the war so they've been selling gold, too. At the same time, India's raised duties on gold, and anyone who's just watching charts, they had stops under $4,400 and had to start selling when it broke that level. " This illustrates an important investing lesson. Many investors believe gold prices are driven primarily by technical analysis. Technical analysis certainly has value, but by itself it often misses what is actually moving the market. Markets move because people and institutions buy and sell for reasons. Understanding those reasons frequently provides an advantage over simply reacting to price charts. In this case, several forces converged simultaneously: Central banks adjusting reserves Sovereign selling driven by geopolitical and fiscal needs Government policy changes affecting physical demand Technical selling once key price levels broke Algorithmic trading amplifying downside momentum Any one of these developments might not have produced such a sharp decline. Together, however, they created a powerful feedback loop. Fundamental selling pushed prices lower, technical levels broke, stop-loss orders were triggered, and algorithmic systems accelerated the move. This is precisely why prudent investors should avoid relying on any single analytical discipline. The Arora Report integrates money flows, macroeconomics, quantitative analysis, technical analysis, investor psychology, and proprietary models to determine probabilities. This multidimensional approach often identifies important shifts before they become obvious to investors focused on only one indicator. Gold Miners Are Not The Same As Gold CNBC also quoted Arora: "Gold miners never rose to the level they should have when gold was above $5,000. If you want to be in precious metals, GDX is a better value because if their average cost is around $1,500, their profits are significant. " Many investors assume gold mining stocks simply mirror the price of gold. They don't. Mining companies are operating businesses. Their value depends on production costs, reserve quality, management execution, capital allocation, political risk, and investor sentiment in addition to the price of gold. Sometimes miners dramatically outperform bullion. Sometimes bullion significantly outperforms miners. Recognizing when one offers better value than the other requires considerably deeper analysis than simply looking at the price of gold. Evaluating relative value between bullion and miners is an ongoing process that changes as margins, capital flows, and investor expectations evolve. What Matters Most Financial news helps explain what has already happened. The real challenge for investors is determining what to do next. That requires continuously evaluating changing probabilities as new information emerges, not reacting emotionally to headlines or relying on static opinions. As conditions evolve, so do the probabilities across gold, silver, miners, and related ETFs. Staying aligned with those shifts is often the difference between successful investing and emotional investing. The Arora Ratings One feature that distinguishes The Arora Report is its proprietary Arora Ratings. Rather than offering one-size-fits-all opinions, the Arora Ratings evaluate opportunities across multiple time horizons, helping both long-term investors and tactical traders make more informed decisions. The ratings are followed globally by individual investors, financial advisors, hedge funds, family offices, jewelers, and bullion dealers seeking a disciplined, probability based approach to precious metals investing. The Most Accurate Publicly Documented Track Record For nearly two decades, The Arora Report has maintained the most accurate publicly documented track record in gold, silver, and precious metals investing. Members receive ongoing information on: When to accumulate When to take partial profits When to hedge When to trade tactically When patience is the highest probability strategy Unlike isolated news stories, The Arora Report continuously evaluates changing market conditions and updates its analysis as probabilities evolve. Investors around the world, including individual investors, financial advisors, hedge funds, family offices, jewelers, and bullion dealers, follow the proprietary Arora Ratings to help make more informed decisions across multiple time horizons. Click here to learn more about The Arora Report's gold and silver analysis, the proprietary Arora Ratings, and our long-term track record. If you are looking for a disciplined, probability based approach to investing in gold, silver, and precious metals, we invite you to start a free 30-day trial. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, BTCUSD, GOLD, IBM, MARKETS, MU, OIL, QCOM, QQQ, SILVER, SPY By Nigam Arora To gain an edge, this is what you need to know today. More Memory Supply Please click here for a chart of Micron stock (MU). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point. Prudent investors need to keep an eye on MU stock because lately MU stock has been leading the semiconductor mania. The chart shows MU stock has moved up into zone 1 (resistance) after reporting earnings. If MU breaks above zone 1 shown on the chart, $1500 is the next magnet. The momo crowd is shooting for $2000. Members of The Arora Report are long MU from an average of $21. 77. MU is trading at $1233. 78 as of this writing in the premarket, representing a gain of 5567%. Micron earnings were a blowout, exceeding the whisper numbers. Whisper numbers had moved up going into earnings. Micron earnings are reigniting AI optimism. This morning, there is aggressive buying in the AI trade. The bullishness is spilling into the rest of the stock market. The most important point from Micron’s earnings is that Micron has struck 16 long term deals to lock in pricing and volume. If Micron and its competitors are able to accelerate this trend, it will be a structural shift. This structural shift will smooth out historic boom bust cycles in memory. The result may be a higher PE for Micron. Markets always have crosscurrents. In the middle of the good news of a structural shift in the memory business and uber bullishness this morning, prudent investors need to remember that in The Arora Report analysis more memory supply is coming online. Micron itself had a capex of $7. 1B in Q3. Micron plans a capex of $10B in Q4 and $27B in FY27. A vast majority of this capex is going to increase supply. So far, the momo crowd is oblivious to the potential increase in memory supply. Apple (AAPL) is announcing significant price hikes due to higher memory prices. It will be interesting to see if consumers easily absorb the price increases or if it results in reduced demand. Also on the positive side, Qualcomm (QCOM) raised its FY29 non-handset revenue projection to $40B. This is a big jump. Historically, many have considered Qualcomm as a handset technology and chip provider. QCOM is in the ZYX Buy Core Model Portfolio, long from an average of $47. 13. QCOM is trading at $216. 38 as of this writing in the premarket, representing a gain of 359%. In a major development for the semiconductor industry, International Business Machines (IBM) is unveiling the world’s first sub-1nm chip technology using transistor architecture at 0. 7nm. When commercialized this will be a major leap in semiconductor manufacturing. As a reference, compared to IBM’s 2nm node chips, the new technology provides up to 70% better energy efficiency and 50% more performance. PCE is the Fed's favorite inflation gauge. Inflation came inline. Here are the details: Headline PCE came at 0. 4% vs. 0. 4% consensus. Core PCE came at 0. 3% vs. 0. 3% consensus. The U. S. economy is 70% consumer based. For this reason, prudent investors pay attention to personal income and personal spending. The data shows the consumer is strong as they borrow more and deplete their savings. Here are the details: Personal spending came at 0. 7% vs. 0. 3% consensus. Personal income came at 0. 7% vs. 0. 3% consensus. GDP data is strong. Here are the details: Q1 GDP third estimate came at 2. 1% vs. 1. 6% consensus. Q1 GDP Deflator third estimate came at 3. 6% vs. 3. 5% consensus. Durable goods data is mixed. Here are the details: Durable Goods Orders came at -4. 5% vs. -3. 2% consensus. Durable Goods Orders Ex-Transportation came at 1. 3% vs. 0. 5% consensus. Initial jobless claims came at 215K vs. 225K consensus. In The Arora Report analysis, the foregoing data shows the economy is resilient with sticky underlying inflation. Retreating oil prices will help. If the future data comes similar to the foregoing, in spite of President Trump’s wishes for lower interest rates, the Fed may have no choice but to raise interest rates. Prudent investors should note the stock market is not prepared for potential higher interest rates. Consider getting ahead of the curve and remember that in spite of this morning’s uber bullishness, quarter end rebalancing is ahead. As we have previously shared with you, in The Arora Report analysis, over $100B worth of equities will be sold in quarter end rebalancing. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) buying stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 By Nigam Arora Nigam Arora returns to the Schwab Network with Alex Coffey and Jenny Horne to explain the importance of dynamic hedging. Nigam talks about how the market is not thinking about more memory supply coming online, and that it may now be starting to. The Arora Report identified AI early in 2022, long before it became consensus, and helped members capture outsized gains across leading stocks. In the interview, Nigam says that "money should be made in AI all the way to 2030 – and in between, it will be treacherous. " To learn how to protect your portfolio, watch the interview for what investors need to know. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, DRAM, EWY, GOLD, GOOG, GOOGL, HXSCL, MARKETS, MU, OIL, ORCL, QQQ, SFTBY, SILVER, SOXL, SPCX, SPY, SSNLF By Nigam Arora To gain an edge, this is what you need to know today. Korea Drops 10% Please click here for a chart of South Korea ETF (EWY). Note the following: As we have previously shared, prudent investors pay attention to stocks in South Korea because South Korea is like a canary in the coal mine for the AI trade and the semiconductor mania. The reason is that two of the three biggest memory manufacturers, SK Hynix (HXSCL) and Samsung (SSNLF), are South Korea based. The third is Micron (MU). Micron is U. S. based. An easy way to watch the South Korean market is to watch ETF EWY. The chart shows South Korea ETF EWY crossed slightly above the low band zone 1 (resistance) the day before yesterday, hitting an all time high. Those who trade only based on traditional technical analysis deemed it to be a breakout and aggressively bought Korean stocks. The chart shows last night EWY fell about 10%. Now, it is clear that the breakout was false. This illustrates why prudent investors should not use traditional technical analysis alone. Moreover, traditional technical analysis no longer works as well as it used to. Please click here to see the reason. The Arora Report proprietary system synergistically combines the best elements of technical analysis, including new proprietary indicators that work, macro analysis, fundamental analysis, and quantitative analysis. The chart shows zone 2 (support). Prudent investors should carefully watch what happens to EWY relative to zone 1 and zone 2, especially after Micron earnings. Micron will report earnings tomorrow after the close. Members of The Arora Report are long MU from an average of $21. 77. MU stock closed yesterday at $1211. 38, representing a gain of 5464%. The chart shows the Arora buy signal for EWY. South Korea ETF (EWY) is long from an average of $48. 60 from the April 9, 2025 signal. EWY is in ZYX Emerging. Even after the drop this morning shown on the chart, members of The Arora Report still have a gain of 301%. The proximate cause of the sell off in South Korean stocks was an unconfirmed local report that SK Hynix is shifting DRAM capacity from high bandwidth memory (HBM) used in AI data centers in favor of general purpose DRAM. If the report is correct, why would SK Hynix make such a move? In The Arora Report analysis, HBM has significantly higher profit margins. The only reason to make the reported move would be if the demand for HBM is slowing. In The Arora Report analysis, prudent investors should take the report from Korea with a grain of salt. The Arora Report analysis has been that the demand for AI semiconductors is going to continue throughout 2026 and will slow in 2027 to 2028. Prudent investors need to keep in mind that markets look ahead 6 - 18 months. The drop in South Korean stocks is causing a selloff in semiconductor stocks in the U. S. in the early trade. The momo crowd’s favorite ETF DRAM that represents semiconductor memory is down 12. 6%, and the momo crowd’s favorite leveraged semiconductor ETF SOXL is down 19. 7% as of this writing in the premarket. We have been sharing with you that the risks of a pullback in the stock market are rising. The key question for prudent investors is how to participate in the upside from three manias and simultaneously protect their portfolios. The answer is dynamic hedging. In practice, dynamic hedging can become complex. Fortunately, there is an easy, actionable way to implement dynamic hedging using the Arora Protection Band. As a reference point, the Arora Protection Band was raised on June 17. In addition to paying attention to semiconductors, prudent investors should get ahead of the curve and pay attention to quarter end rebalancing. In The Arora Report analysis, institutions will likely be selling over $100B in equities and shifting the money to bonds. The premise behind the ZYX Change Method is that investors may generate more alpha by identifying significant changes early. Prudent investors should pay attention to a new change that is just beginning to happen. Until now, the guiding principle in large corporations was token max as they wanted to maximize the use of AI. Now, the trend is shifting to token min. The reason is the rising costs of tokens. Prudent inventors should also pay attention to another change along with the shift from token max to token min. The models from Google (GOOG, GOOGL), Anthropic, and OpenAI are very expensive. Corporations are beginning to look at cheaper open source models for some tasks. Further, prudent investors should note there is a flood of cheaper open source models coming from China. In The Arora Report's preliminary analysis, for certain tasks the cost of using the top U. S. models is eight times the cost of cheap Chinese models. On the positive side, the Trump administration is looking at providing low cost loans for nuclear power and also setting up a new initiative to promote quantum computing. On the negative side, SpaceX (SPCX) stock saw aggressive selling yesterday on concerns about valuation and the hype was overdone. Another reason that is adding to the SPCX selloff is SoftBank (SFTBY) CEO Masayoshi Son coming out negative on space data centers. Space data centers are one of the reasons investors got excited about SPCX. Adding to the persistent tech layoffs is the news that Oracle (ORCL) is laying off 21,000 workers. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Prudent investors pay attention to Japan because of the carry trade. In the carry trade, investors have borrowed hundreds of billions of dollars in Japan to invest in the U. S. , lately in the AI trade. The Japanese yen moved up from the lows after Japan’s Finance Minister Katayama and Treasury Secretary Bessent had a phone call. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Microsoft (MSFT). In the early trade, money flows are neutral in Amazon (AMZN). In the early trade, money flows are negative in Apple (AAPL), Nvidia (NVDA), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) in stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7430 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 233 points. Gold futures are at $4127, silver futures are at $61. 85, and oil futures are at $73. 65. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ATVI, EA, TTWO By Nigam Arora The most financially successful video game ever has been Grand Theft Auto V. This game generated about $10B in revenue. The presumption is that the sequel will be equally successful, but there are no guarantees, and hence the risk. There are unconfirmed rumors that preorders for Grand Theft Auto VI will start next week. Many of The Arora Report members recall the massive gains in TTWO competitor EA. EA was bought at an average price of $20. 74 and was in the Core Model Portfolio. EA is in the process of being bought out at $210 for a gain of 912%. Many of The Arora Report members may also recall another TTWO competitor ATVI. ATVI was bought at an average price of $58. 33. ATVI was bought out at $95 for a gain of 62%. Zones TTWO stock has moved up over the last few days. There is a 70% probability that the stock will pull back into the buy zone. To see the buy zones, start a 30-day free trial in ZYX Buy Change Alert by The Arora Report. Buyout Target TTWO is a buyout target. However, a buyout is not likely in the near term and will depend on the success of GTA VI. A buyout can happen north of $400. To date, 227 Arora Portfolio companies have been bought out, producing large gains for members who routinely invest in buyout targets. This performance is better than the firms that charge $50,000 per year and provide only buyout advice. With The Arora Report, you get so much more. Signal Limited is a Signal(s) with a great record in similar situations but does not meet all of the stringent criteria for a Signal. Typically Signal Limited has higher risk-reward compared to a Signal over the short term. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on June 18, 2026 in ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: FI, FISV, TFC By Nigam Arora Fiserv (FISV, formerly FI) is one of the largest financial technology and payments infrastructure companies in the world. The company provides the behind-the-scenes technology that powers banking, merchant payments, card processing, digital transactions, and core financial systems used by thousands of banks and businesses. Key Points FISV stock has dropped as Wall Street is selling on the news of the FISV CEO leaving. Here are the key points: The CEO is leaving to take a bigger job as CEO of TFC. For the CEO, this is not only one step up but several steps up. As a result, in The Arora Report analysis, Wall Street is wrong in thinking that there is something wrong with FISV because the CEO is leaving. The CEO simply got a much better job. The new CEO of FISV is a very accomplished person. For the patient, long-term investor looking for value in this expensive market, FISV is an opportunity. FISV expects to earn $8 - $8. 30 in 2026. Consensus is at $8. 12. The stock is trading at $49. 37 as of this writing. This translates to a P/E of 6. FISV is a rare cheap stock in this very expensive stock market. The all-time high of FISV stock is $240. Prudent investors know that often great money is made with contrary trades. This is a contrary trade. Strategy Diversification Investors who want to maximize the wealth they generate over their lifetime should consider diversification by strategy. The Arora Report uses over 50 different strategies to help you be properly diversified. FISV belongs to two strategies: A turnaround situation with a good CEO and good prospects. A cheap value stock in an expensive market. Probabilities There is a better than 70% probability of a successful turnaround. This also means that there is up to a 30% probability that this turnaround may not be successful. As such, investors should take this risk into account based on their personal preference and adjust the quantity. Position size is your first line of defense. Please see the Trade Management Guidelines to learn more. Zones To see the buy zones, start a 30-day free trial in ZYX Buy Change Alert by The Arora Report. Signal Limited is a Signal(s) with a great record in similar situations but does not meet all of the stringent criteria for a Signal. Typically Signal Limited has higher risk-reward compared to a Signal over the short term. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on June 16, 2026 in ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMZN, BTCUSD, GOLD, MARKETS, MSFT, OIL, QQQ, SCO, SILVER, SPCX, SPX, SPY, TBF, TBT, TBX, TLT, USO By Nigam Arora To gain an edge, this is what you need to know today. Bonds Not Euphoric Like Stock Market Please click here for a chart of 20+ year Treasury bond ETF (TLT). Note the following: The chart shows that yesterday, bonds did not share the stock market’s euphoria on the Iran deal. Expectations were that bonds would rally on an Iran deal to the low band of zone 3 (resistance). As the chart shows, bonds barely budged. The bond market has considered what the stock market has ignored. Here are the reasons: The deal with Iran is not a definitive agreement with details. It is an agreement to negotiate a deal – a memorandum of understanding. The thorny issues to negotiate with Iran are still ahead, and there may be setbacks. In spite of all the damage to Iran, Iran is now strategically in a stronger position now than before the war started. The damage done from the Iran war to the world economy will not disappear overnight. Inflationary pressures are not only due to oil but also due to reckless government spending, Fed policies, AI build up, and deglobalization. The Kevin Warsh era begins with the FOMC starting its meeting today. The rate decision will be announced tomorrow at 2pm ET. The Iran deal will certainly be a relief to FOMC members, but the last Fed minutes show that many FOMC members are not willing to ignore the data and cut rates like President Trump wants. Warsh may attempt to do what President Trump wants, but he cannot cut rates unless a majority of FOMC members agree. Overnight, SpaceX (SPCX) perpetual futures that are crypto based experienced a vicious short squeeze. SPCX perpetual futures traded as high as $228. 74. At that price, SPCX valuation exceeded that of Amazon (AMZN) and Microsoft (MSFT). While the momo crowd does not care about valuations, prudent investors should consider the following stats: SpaceX: revenue of $19B and net income of -$9B Amazon: revenue of $743B and net income of $91B Microsoft: revenue of $318B and net income of $125B Yesterday, Wall Street was buying SPCX stock to frontrun blind money when SPCX will shortly be included in many indexes. Companies that construct indexes have changed their rules to fast-track the inclusion of SPCX stock quickly. Blind money is a consistent source of profits for Wall Street. Wall Street consistently frontruns by buying stocks at lower prices and then sells to index funds at higher prices. Index fund managers have no choice but to pay the higher prices, and it is not their own money. It is the money of investors who have drunk the Koolaid that they are not capable of investing in the stock market using their own judgement, and thus, must join blind money. Since blind money does not do any analysis, they often end up paying high prices. Here are the dates when SPCX will be fast-tracked into indexes: Russell US Index Series on June 26, 2026 CRSP US Total Market Index on June 26, 2026 MSCI Global Standard & Large-Cap Indexes on June 29, 2026 Nasdaq 100 Index, represented by QQQ on July 6, 2026 In spite of all the efforts, S&P 500 (SPX), represented by ETF SPY, is the exception, sticking to the rules and not fast-tracking SPCX entry. Adding to the exuberance in the stock market is a further drop in oil this morning. The further drop in oil this morning is triggered by President Trump's statement that the Strait of Hormuz will be open on Friday. There are many skeptics, but for the time being, the oil market is believing President Trump. As a disclosure, The Arora Report has given signals to take more partial profits on a short position in oil ETF USO and a long position in inverse oil ETF SCO. Yesterday, the euphoria was so extreme that it overcame selling by investors who were selling on the news of the Iran deal. Expect more investors to continue to sell into the euphoria today. If momo buying is not able to overcome the “sell the news” selling, the stock market can turn negative. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Bank of Japan (BOJ) raised its key interest rate by 25 bps to 1. 0%. This was inline with The Arora Report expectations. BOJ is open to further hikes. Prudent investors need to keep an eye on Japan due to the carry trade. In the carry trade, funds have borrowed hundreds of billions of dollars in Japan and invested in the U. S. , lately in the AI trade. Housing Starts Housing starts came at 1. 177M vs. 1. 44M consensus. Building permits came at 1. 413M vs. 1. 41M consensus. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN). In the early trade, money flows are neutral in Alphabet (GOOG). In the early trade, money flows are negative in Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7623 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 102 points. Gold futures are at $4367, silver futures are at $70. 98, and oil futures are at $77. 01. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AIQ By Nigam Arora AIQ is long from $23. It is trading at $61. 93 as of this writing. This represents a gain of 169%. Pullback Recently, AIQ has pulled back from $70. 26 to $61. 93. Such a pullback is to be expected after significant gains. This is a very long-term position, and the plan is to continue holding it at least through the first half of 2027 unless something changes. Arora Protection Band Pay attention to changes in the Arora Protection Band. When there is a change in the Arora Protection Band it is individual preference how to handle the change and the change may impact AIQ such as hedging it or taking partial profits. A separate signal may not be given for AIQ. The Best ETF For AI There are several ETFs focused on AI, but AIQ continues to be the best ETF for AI at this time. The reason is that, in the current phase of the AI cycle, companies benefiting from data center buildout are among the strongest performers. AIQ is heavily weighted toward companies that benefit from data center capital expenditures. Over time, this dynamic is likely to change. In the next phase, companies that are major users of AI may begin to benefit more than the companies supplying the infrastructure. When that transition occurs, unless the composition of AIQ changes, the plan will likely involve a combination of taking partial profits and hedging. One of AIQ's advantages is its exposure to companies that many dollar-based investors have difficulty accessing directly. Among its top holdings are SK Hynix (HXSCL) and Samsung Electronics (SSNLF), two South Korean companies that are among the three largest memory manufacturers in the world. Memory remains in short supply, and The Arora Report analysis indicates that the shortage is likely to persist through the remainder of 2026 and into the first half of 2027. Zones To see the buy zones, start a 30-day free trial in ZYX Allocation by The Arora Report. Note: Signal(s) to enter, add, reduce, exit, hold or change. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on June 11, 2026 in ZYX Allocation. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, BTCUSD, CBRS, DIA, DJIA, GDX, GLD, GOLD, MARKETS, MRVL, MU, NVDA, OIL, QQQ, SILVER, SLV, SNDK, SOXL, SPCX, SPX, SPY, TBF, TBT, USO By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' HERE IS HOW TO HANDLE BULLISHNESS BUT HIGH RISK STEMMING FROM SPACEX IPO AND TRUMP SAYING IRAN DEAL NEAR Jun 12, 2026 To gain an edge, this is what you need to know today. SpaceX IPO Historic Test Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are the most important sector at this time in this stock market because the AI trade is being led by semiconductors. The chart shows that yesterday started with semiconductors at the top band of zone 1 (support). The chart shows a huge rally in semiconductors yesterday. Semiconductors were doing middlingly until President Trump said that a deal with Iran would be signed soon. Semiconductors took off like a rocket, producing very large gains. Here are the key points for prudent investors: When there has been bad news from Iran, semiconductors would run up based on the narrative that semiconductors have nothing to do with Iran and oil. As such, developments in Iran are immaterial to semiconductors. When there has been good news from Iran, semiconductors would run up like a rocket based on the narrative that good news from Iran is great for semiconductors. How do you reconcile the foregoing contradictory behaviors? Our decades in the markets show that trying to reconcile such contradictory behaviors in the markets is a fool's errand. In The Arora Report analysis, to become a great investor, investors need to pay attention to such contradictions. When a certain sector moves up on both good news and bad news, be bullish. When a sector moves down both on good news and bad news, be bearish. The chart shows lower volume on yesterday’s big semiconductor rally. The chart shows that volume has been heavier on recent down days in semiconductors. In The Arora Report analysis, the correct interpretation of the volume is the risk in semiconductors is significantly higher than generally appreciated by the market. In a nutshell in The Arora Report analysis, semiconductors are in a bullish mode, but the risk is very high. Since semiconductors are leading the stock market higher, this observation applies to the entire stock market. To be clear, the stock market is in the bullish mode, but risk is very high. Here is the obvious question, how do investors handle a situation where there is extreme bullishness but risk is very high? For the momo crowd, it is easy – the momo crowd does not take risk into account. Smart money stays bullish but dynamically hedges. The best practical way to implement staying bullish with dynamic hedging is to use the proprietary Arora Protection Band. Investors need to understand that it is difficult to know for sure what the truth is about Iran related reports. Yesterday, after President Trump posted the signing of a deal with Iran was near, the stock market staged a huge rally. A little bit later, both Israel and Iran said that there was no deal – the market ignored the information from Israel and Iran. Later at night, Iran’s foreign ministry said, “the main part of the text was almost finalized but the Americans were being greedy and raising new requests. " The stock market rallied and oil fell more in response to Iran’s foreign ministry. As of this writing in the premarket, there is a report in Iranian media denying that a deal will be signed this weekend. As a result, buying is coming in oil and selling in stocks as of this writing. With the SpaceX (SPCX) IPO, a historic test for the stock market is ahead. It is historic for three reasons: It is the biggest IPO ever. SpaceX stock is priced at 90 times sales, not earnings. There is a 20% allocation to retail. The SpaceX IPO is a test for two reasons: Can the stock market easily absorb such a large IPO without selling in other popular stocks? Can IPO trading be opened without excessive volatility? Historically, exchanges like to match buy and sell orders when they have orders for about 10% of the IPO float. In this case, that would mean $7. 5B worth of sell orders. Where are these sell orders going to come from at the open? In a normal IPO, there is not hype like in SpaceX, and the dollar amount of orders to match is significantly smaller. The exchange may try to open SPCX trading with a small amount of orders. The issue is opening with a small amount of orders can lead to high volatility. University of Michigan consumer sentiment will be released at 10am ET. However, in the middle of all of the bullishness, the stock market will likely ignore the data. Consumer sentiment has been hitting all time lows. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), and Meta (META). In the early trade, money flows are neutral in Apple (AAPL) and Tesla (TSLA). In the early trade, money flows are negative in Nvidia (NVDA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7416 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 246 points. Gold futures are at $4221, silver futures are at $66. 91, and oil futures are at $85. 12. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. STOCK MARKET WHIPSAWED ON TRUMP STATEMENTS, SPACEX EUPHORIA, ECB RATE HIKE, HOTTER PPI BUT PRIOR REVISED Jun 11, 2026 To gain an edge, this is what you need to know today. Whipsawed Stock Market Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market is in zone 1 (support). RSI on the chart shows the stock market is oversold. Oversold markets tend to bounce. If the stock market breaks below zone 1, zone 2 shown on the chart will be the next target. Earlier this morning, there was aggressive buying in stocks on President Trump’s claim that top officials from Iran called him directly and begged for an end to the strikes. The statement came after the U. S. struck Iran hard with 49 Tomahawk missiles. In response, Iran fired on U. S. bases. Buying in the stock market continued even after Iran denied President Trump’s claim. The buying in the stock market turned into selling a few minutes ago when President Trump said that the U. S. will hit Iran “very hard” tonight and at “some point” the U. S. “will be taking Kharg Island, and other oil infrastructure points, and assume total control of their oil and gas markets, much like we have with Venezuela. ” Oil had dropped on President Trump's first statement, rose on President Trump’s second statement, and is now pulling back again as of this writing. Producer Price Index (PPI) came hotter than expected. Here are the details: Headline PPI came at 1. 1% vs. 0. 7% consensus. Core PPI came at 0. 4% vs. 0. 4% consensus. Prudent investors should note that the prior PPI has been revised, and it was not as hot as originally released. Here are the details: Prior headline PPI revised to 1. 1% from 1. 4%. Prior core PPI revised to 0. 7% from 1. 0%. Retail investors have put in over $70B in orders for SpaceX (SPCX) stock. The total IPO is $75B. Additionally, there are apparently several over $10B each institutional orders. Keep in mind the foregoing numbers only indicate interest and are not firm orders. Investors will be firming up their orders tonight. As of this writing, on Hyperliquid, SpaceX stock is trading at $162. 80 vs. $135 IPO price. Initial jobless claims came at 229K vs. 222K consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. European Central Bank Rate Hike European Central Bank (ECB) raises its interest rate by 25 bps to 2. 25%. This rate hike is inline with expectations. ECB has become the first major central bank to raise rates to contain inflation stemming from the Iran war. ECB is projecting 2026 inflation of 3. 0% vs. prior 2. 6%. ECB is projecting 2026 growth of 0. 8% vs. prior 0. 9%. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are neutral in Alphabet (GOOG) and Meta (META). In the early trade, money flows are negative in Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7317 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 261 points. Gold futures are at $4101, silver futures are at $63. 66, and oil futures are at $90. 27. CPI SAVES STOCK MARKET, CHINA TAIWAN TENSIONS HURT SEMIS – MOMO CROWD BUYS THE DIP, IRAN TRUCE MORE FRAGILE Jun 10, 2026 To gain an edge, this is what you need to know today. CPI Saves Stock Market Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The semiconductor mania has been largely responsible for levitating the entire stock market. For this reason, smart money keeps a close eye on semiconductors. The chart shows that yesterday leveraged semiconductor ETF SOXL started the day higher than the high of the prior day. This brought in aggressive buying in the premarket yesterday. The chart shows yesterday leveraged semiconductor ETF SOXL fell right from the opening of the regular session. The proximate reason was chatter about mounting tension between China and Taiwan. The most advanced semiconductors are manufactured in Taiwan, and a significant part of the supply chain for semiconductors is in Taiwan and China. The Arora Report has previously highlighted that China considers Taiwan part of China, and there is an ever present risk of China accomplishing its objective of bringing Taiwan in its fold by force. The chart shows that yesterday SOXL fell to the low band of zone 1 (support). The momo crowd aggressively bought the dip yesterday causing SOXL to close above the high band of zone 1. Prudent investors should note the following: Yesterday’s low in semiconductors, shown on the chart, undercut Friday’s low. As shown on the chart, there was heavier volume both during yesterday’s selloff and Friday’s selloff in semiconductors. Note that SOXL traded as high as $231. 01 and as low as $157. 56 yesterday – a very wide range for one day of trading. The chart shows RSI was turning up yesterday, but now it is turning down. In The Arora Report analysis, the tell for the entire stock market is if semiconductors can hold above the low band of zone 1 shown on the chart. As the chart shows, before the release of Consumer Price Index (CPI) data, semiconductors were seeing heavy selling. After release of CPI data, semiconductors immediately saw heavy buying. There was aggressive selling in the stock market in the early trade prior to the release of CPI data. Immediately after the release of CPI data, aggressive buying came in the stock market. The reason is less than expected Core CPI. The narrative is that headline inflation will come down after the Iran conflict is resolved. Here are the details: Headline CPI came at 0. 5% vs. 0. 5% consensus. Core CPI came at 0. 2% vs. 0. 3% consensus. In The Arora Report analysis, this CPI data eliminates any probability of a rate hike in the upcoming Fed meeting. Produce Price Index (PPI) will be released tomorrow at 8:30am ET. The Iran truce has become more fragile after Iran shot down a U. S. helicopter. The U. S. retaliated in a limited fashion, and Iran responded. President Trump is saying Iran “took too long” in negotiations and will “pay the price. ” Prudent investors should note oil has nudged up only a little after falling yesterday, before the confirmation that Iran had shot down a U. S. helicopter. This indicates that the oil market continues to believe that neither side wants war. Many less-informed investors are getting excited that SpaceX (SPCX) subscription interest reportedly stands at $250B for a $75B IPO. Prudent investors should note, many recent hot IPOs, such as Cerebras Systems (CBRS), have been over 20x oversubscribed. However, SpaceX is unique in that it is the biggest IPO in history, so 20x may not be a fair benchmark. But, 3x–4x oversubscription is not automatically bullish. In the middle of all of the bullishness about the SpaceX IPO, bears are promoting a narrative that the SpaceX IPO marks a top in the stock market. As a full disclosure, The Arora Report has a signal on SpaceX. Members of The Arora Report also have 360 degree analysis on SpaceX including both risks and rewards. There is also a detailed podcast on SpaceX in Arora Ambassador Club. In The Arora Report analysis, how SPCX stock trades post IPO will impact the entire stock market. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 9. 119M barrels vs. a consensus of a draw of 3. 4M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates and bonds are round bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7362 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 195 points. Gold futures are at $4179, silver futures are at $64. 61, and oil futures are at $88. 88. EXCITEMENT OVER U. S. POTENTIALLY TAKING STAKE IN AI COMPANIES, OPENAI IPO FILING, AND SPACEX IPO; CPI AHEAD Jun 9, 2026 To gain an edge, this is what you need to know today. AI Excitement Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows yesterday’s SOXL open and close were very close to each other, but there was a wide range during the day. This pattern reflects indecision. The question after yesterday’s close was which way semiconductors would go today. The chart shows semiconductors are rallying big this morning. As of this writing in the early trade, bulls are winning, and bears are retreating. RSI on the chart shows semiconductors can easily run up. The buying in semiconductors in the early trade is spilling into the rest of the stock market. There are three reasons investors are excited this morning: The U. S. may potentially take a stake in AI companies. Sam Altman of OpenAI appears to be championing the idea. It appears President Trump is looking at the idea favorably. OpenAI has filed for IPO right on the heels of Anthropic. The upcoming SpaceX (SPCX) IPO As the momo crowd is bubbling over with excitement, prudent investors should be aware of a potential liquidity squeeze. We previously wrote: Prudent investors should also note that Alphabet chose to get ahead in its massive equity raise, ahead of massive IPOs from SpaceX (SPCX), OpenAI, and Anthropic. Together, along with other IPOs, about $400B of liquidity is being taken out of the stock market. Here are the key questions: How will this liquidity be funded? Will it be funded by investors selling other positions? Will this liquidity test bring the stock market down? In the middle of triple manias about semiconductors, space, and options, the momo crowd is oblivious to Consumer Price Index (CPI) that will be released tomorrow. Prudent investors should pay attention that the consensus for headline CPI is 0. 5%, which on an annualized basis translates to 6% inflation. The consensus for Core CPI is 0. 3%, which on an annualized basis translates to 3. 6% inflation. The Fed’s target is 2%. Further, keep in mind The Arora Report analysis that actual inflation appears to be running higher than reported numbers. Right now, the narrative in the stock market is two-fold: AI is so powerful that nothing else matters. The U. S. will eventually have a deal with Iran, bringing down oil and inflation. In The Arora Report analysis, prudent investors should get ahead. To get ahead, think about the impact of AI on inflation in two phases: The building phase of data centers is inflationary. In the second phase when AI sees widespread adoption, AI will be deflationary. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Microsoft (MSFT). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7444 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 108 points. Gold futures are at $4362, silver futures are at $68. 54, and oil futures are at $89. 38. INVESTORS LISTEN TO NVIDIA CEO AND BUY AI STOCKS AFTER THE SELLOFF, HIGH HOPES FOR APPLE AI Jun 8, 2026 To gain an edge, this is what you need to know today. Nvidia CEO Talks His Book Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The semiconductor mania is in full swing and driving the overall market. For this reason, the SOXL chart is important. The chart shows that on Friday SOXL fell 30. 5%. The chart shows SOXL fell into zone 1 (support). The chart shows that volume was heavier than usual on the drop. RSI on the chart shows SOXL is not yet oversold, even after Friday’s drop. The chart shows that this morning in the early trade, SOXL is seeing significant buying and has now moved above zone 1. Prudent investors should watch if the buying in semiconductors in the early trade sustains through the rest of the day or if it fizzles out. There was significant pumping by momo gurus over the weekend to buy the dip. Once the buying from the weekend pump is exhausted, then will come the true test. This morning, there is aggressive buying in semiconductor stocks, in big part, triggered by Nvidia (NVDA) CEO Jensen Huang saying the selloff is a buying opportunity. Nvidia's CEO is the godfather of AI and a brilliant person. He appears to believe in what he is saying. At The Arora Report, we have been telling you since 2022 our high conviction call that money is to be made in AI all the way to 2030. Huang’s statement is in line with The Arora Report analysis of the long term. However, in the short term, it is a different story. Prudent investors need to note that Huang is talking his book. It is his job to run up AI stocks, and when they slide, to say something to stop the slide. The bullishness is so pervasive that yesterday Iran firing missiles on Israel for the first time since April did not derail buying in Nasdaq futures. This morning, more buying came in when Iran said it had concluded its military operation against Israel. For context, Iran fired on Israel in response to Israel bombing Beirut. Investors are gaining confidence knowing that President Trump is trying to rein in both Israel and Iran. Adding to the bullishness this morning is that Marvell Technology (MRVL), a semiconductor stock, was added to the S&P 500 after the stock market closed on Friday. Also adding to the bullishness is upgrades by analysts of Micron (MU) and Sandisk (SNDK). Apple’s (AAPL) WWDC starts today. There are high hopes that Apple will announce its AI plans, and this time the AI overhaul will be successful. Apple Intelligence was first introduced at the 2024 WWDC, but Apple Intelligence has turned out to be disappointing. Excitement continues over the SpaceX (SPCX) IPO. One of the cross currents from the SpaceX IPO is many investors selling tech stocks and speculative stocks to raise money to buy SPCX stock. For those wanting a deeper understanding, a new podcast on SpaceX will be live today in Arora Ambassador Club. Consumer Price Index (CPI) will be released on Wednesday at 8:30am ET, followed by Producer Price Index (PPI) on Thursday at 8:30am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in Alphabet (GOOG) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil Oil is giving up its earlier gains on news that Iran has finished its military operations against Israel. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7464 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 145 points. Gold futures are at $4358, silver futures are at $68. 93, and oil futures are at $91. 57. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: EWY, HXSCL, SSNLF By Nigam Arora EWY is long from $48. 60. It is trading at $188. 28 (as of this writing, when published for Arora Members on June 11th). This represents a gain of 287% for Arora members. Memory Is The Driver The primary driver of Korea right now is semiconductor memory. Two Korean companies, SK Hynix (HXSCL) and Samsung Electronics (SSNLF) are two of the three largest semiconductor memory manufacturers in the world. Korea has become highly leveraged to the global artificial intelligence buildout because AI infrastructure requires massive amounts of high bandwidth memory, DRAM, and NAND flash storage. The Arora Report analysis shows semiconductor memory continues to be in severe shortage right now, and the shortage is likely to persist through at least the first half of 2027. The bottleneck is not simply demand, but manufacturing complexity, advanced packaging, and yield constraints in leading-edge memory products required for AI servers. This creates a favorable backdrop for Korea because semiconductor exports remain one of the most important engines of the economy. Memory pricing has been strengthening, margins are improving, and capital spending related to AI infrastructure remains robust. If at some point memory shortages ease, expect Korea to soften. However, for the time being, the fundamental backdrop continues to favor remaining invested. Export Jump South Korean exports jumped 8. 6% in the first 10 days of June year over year. More importantly, exports of semiconductor memory chips surged 20. 6%, continuing the strong trend tied to AI infrastructure demand. South Korea's exports were up 86% year over year through the first ten days of June, with chip exports jumping 206% year over year. Beyond Semiconductors Beyond semiconductors, Korea remains one of the world’s most important exporters of automobiles, batteries, ships, machinery, petrochemicals, and consumer electronics. Automobile exports continue to be resilient, especially premium vehicles and EV-related supply chains. Battery-related exports remain important, although growth has moderated as the EV market normalizes. Korea’s export economy remains highly sensitive to global growth, but right now the composition of exports favors technology and AI-linked demand, which is a positive. A Few Economic Data Points South Korea is the world's 13th largest economy with a GDP of roughly $1. 8 trillion. GDP growth has remained moderate, inflation has cooled materially from peak levels, and policymakers continue to support strategic technology sectors. Korea also benefits from strong industrial competitiveness, world-class manufacturing, and dominant positions in semiconductors, displays, batteries, and shipbuilding. Importantly for investors, Korea often trades at lower valuation multiples than comparable developed markets, partly due to the so called “Korea discount. ” This means when fundamentals improve, the upside can sometimes be significant. SK Hynix U. S. Listing SK Hynix is planning a U. S. listing of its stock as early as August. This may create additional excitement and potentially drive the Korean market even higher between now and August as global investors focus more attention on Korea’s semiconductor champions. Zones And Ratings To see the buy zone and ratings, start a 30 day free trial in ZYX Emerging. Trade Around Position There may be an opportunity for a trade around position in the near future. A trade around position is a technique used by billionaires that can dramatically increase returns while lowering risk. Please see Trade Management Guidelines to learn more about trade around positions. What To Do Now Those in EWY may consider continuing to hold. Those not in EWY may patiently wait for a new signal or a new trade around position. Note: Signal(s) to enter, add, reduce, exit, hold or change. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on June 11, 2026, in ZYX Emerging Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, CVS, ELV, EPI, EWY, GDX, GOLD, HL, HUM, HXSCL, MARKETS, MU, NEM, OIL, QQQ, SIL GLD, SILVER, SI_F, SLV, SNDK, SPY, SSNLF, STX, UNH, WDC By Nigam Arora To gain an edge, this is what you need to know today. Whipsawed Stock Market Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market is in zone 1 (support). RSI on the chart shows the stock market is oversold. Oversold markets tend to bounce. If the stock market breaks below zone 1, zone 2 shown on the chart will be the next target. Earlier this morning, there was aggressive buying in stocks on President Trump’s claim that top officials from Iran called him directly and begged for an end to the strikes. The statement came after the U. S. struck Iran hard with 49 Tomahawk missiles. In response, Iran fired on U. S. bases. Buying in the stock market continued even after Iran denied President Trump’s claim. The buying in the stock market turned into selling a few minutes ago when President Trump said that the U. S. will hit Iran “very hard” tonight and at “some point” the U. S. “will be taking Kharg Island, and other oil infrastructure points, and assume total control of their oil and gas markets, much like we have with Venezuela. ” Oil had dropped on President Trump's first statement, rose on President Trump’s second statement, and is now pulling back again as of this writing. Producer Price Index (PPI) came hotter than expected. Here are the details: Headline PPI came at 1. 1% vs. 0. 7% consensus. Core PPI came at 0. 4% vs. 0. 4% consensus. Prudent investors should note that the prior PPI has been revised, and it was not as hot as originally released. Here are the details: Prior headline PPI revised to 1. 1% from 1. 4%. Prior core PPI revised to 0. 7% from 1. 0%. Retail investors have put in over $70B in orders for SpaceX (SPCX) stock. The total IPO is $75B. Additionally, there are apparently several over $10B each institutional orders. Keep in mind the foregoing numbers only indicate interest and are not firm orders. Investors will be firming up their orders tonight. As of this writing, on Hyperliquid, SpaceX stock is trading at $162. 80 vs. $135 IPO price. Initial jobless claims came at 229K vs. 222K consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. European Central Bank Rate Hike European Central Bank (ECB) raises its interest rate by 25 bps to 2. 25%. This rate hike is inline with expectations. ECB has become the first major central bank to raise rates to contain inflation stemming from the Iran war. ECB is projecting 2026 inflation of 3. 0% vs. prior 2. 6%. ECB is projecting 2026 growth of 0. 8% vs. prior 0. 9%. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are neutral in Alphabet (GOOG) and Meta (META). In the early trade, money flows are negative in Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7317 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 261 points. Gold futures are at $4101, silver futures are at $63. 66, and oil futures are at $90. 27. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: SPCX By Nigam Arora Editor’s Note: This is one of a series of posts and podcasts previously made available to paying members of The Arora Report to help them with the SpaceX (SPCX) IPO. Remember that The Arora Report is for those who want to maximize the wealth they generate over their lifetimes. This requires 360 degree analysis of both risks and rewards. Start with Arora’s Second Law: Nobody knows with certainty what is going to happen next in the markets. Follow with Arora’s Third Law: Making investing and trading decisions based on probabilities is the only realistic and profitable approach. While there is understandable exuberance about the SpaceX IPO, prudent investors need to carefully understand both the potential rewards and the meaningful risks because this is likely to be among the largest, most anticipated, and most emotionally charged IPOs in modern market history, and when excitement reaches extraordinary levels, outcomes often become more binary than investors initially appreciate. Here are the key points: The probability of a meaningful post-IPO rise appears favorable, and at this time our assessment is approximately a 60%–70% probability of a strong move higher after the IPO, although investors should understand that probability is not certainty and that even exceptional companies can experience difficult starts in public markets when expectations become overly elevated. There is approximately a 20% probability that the stock may become range-bound after the IPO rather than experiencing the type of explosive appreciation that many investors appear to be expecting, especially if institutions temporarily digest valuation, enthusiasm cools, or broader market conditions become less supportive. There is approximately a 20% probability that the stock could disappoint relatively quickly and trade below the IPO price, not necessarily because the company lacks long-term merit, but because market mechanics, investor psychology, excessive leverage, and forced selling can overwhelm fundamentals in the short term. SpaceX appears expensive on traditional valuation metrics at roughly 90x sales, not earnings, and by conventional Wall Street frameworks such a valuation would appear extraordinarily difficult to justify; however, history also teaches that transformational companies often look extremely expensive before becoming dramatically larger, particularly when investors believe future revenue growth may ultimately justify current enthusiasm. Investors should think carefully about whether SpaceX is simply a launch company or whether it may ultimately become something substantially larger, including a global communications company, a broadband infrastructure provider, a national security and defense platform, a dominant launch provider, and perhaps most importantly, one of the leading direct-to-device connectivity companies in the world through Starlink. Starlink optionality may be far larger than many investors currently appreciate because direct-to-device satellite communication has the potential over time to pressure traditional wireless assumptions, while improvements in speed and latency may also gradually challenge portions of the broadband market presently dominated by traditional providers, although how quickly this develops and how competitive Starlink ultimately becomes remain uncertain. The partnership with T-Mobile should not automatically be assumed to remain static because technology partnerships frequently evolve over time, and while partnerships can deepen, history also shows that competitive dynamics often shift in unexpected ways as technologies mature. Jamie Dimon and JPMorgan appear to be leaning unusually constructively into the IPO, and investors should pay attention when arguably the most risk-aware CEO in major banking appears willing to commit significant reputational capital with top clients because JPMorgan’s long-term success has historically been rooted in careful risk management rather than speculative enthusiasm. It is worth remembering that Elon Musk and JPMorgan have had periods of tension and litigation historically, making JPMorgan’s current posture toward SpaceX particularly notable because institutions generally do not risk client relationships lightly unless they believe the probability-adjusted opportunity may be favorable. Some investors are discussing extremely aggressive upside scenarios, including prices as high as $400, although our own expectations are more restrained and at this time a move closer to approximately $135 appears more reasonable under a favorable scenario, while recognizing that manias can sometimes carry prices materially beyond what appears rational. This IPO is likely to create unusual supply-demand dynamics because institutions receiving large allocations often do not immediately sell if they wish to preserve strong relationships for future IPO access, employees may face lockups restricting selling, and some brokers discourage or penalize immediate retail flipping of IPO shares through future access limitations. At the same time, investors should understand an important underappreciated risk: enormous capital must come from somewhere, and there are early signs that some investors may already be selling semiconductors, space stocks, speculative stocks, and momentum names to prepare for SpaceX allocations, meaning weakness in other areas of the market may indirectly affect SpaceX trading after the IPO. Margin calls remain an important risk scenario that many investors are underestimating because if broader markets weaken materially, particularly in highly leveraged areas such as semiconductors, space, momentum technology, or speculative growth names, some investors may be forced to liquidate positions regardless of long-term conviction, and when forced selling begins, psychology can shift much faster than investors expect. Investors should remember the Facebook IPO experience, now META, where enthusiasm initially appeared overwhelming and expectations were extraordinarily high, only for psychology to shift rapidly after momentum weakened, illustrating that even exceptional companies can experience difficult public-market starts when excitement becomes excessive; Facebook stock briefly rose after the IPO but then quickly lost more than 50% of its value. Allocation size the evening before trading may offer useful information because unusually small allocations can sometimes indicate exceptionally strong demand, while unusually generous allocations may suggest softer demand than initially anticipated, although this signal should never be viewed in isolation. Depending on your broker, you may not necessarily need to accept your full allocation, as some firms permit partial acceptance while others operate on an all-or-none basis, making it important for investors to understand their broker’s rules in advance rather than making emotional decisions at the last moment. Investors who receive allocations should carefully review stop levels previously provided because preserving capital remains paramount, and in general, for most investors it is better to lose the privilege of receiving future IPO allocations than to suffer significant losses, although reasonable investors can differ on this point based on their own goals, risk tolerance, and preferences. Some brokers discourage immediate IPO selling and may impose temporary restrictions on future IPO participation for clients who immediately flip shares, sometimes for periods ranging from fifteen to thirty days, but investors ultimately must decide whether preserving future IPO access outweighs protecting capital if a trade begins moving materially against them. Members may wish to monitor indications from markets such as Hyperliquid where tokenized SpaceX-related trading reflects real money changing hands, not because such indications perfectly predict IPO outcomes, but because they may offer useful clues regarding changing sentiment and how sensitive SpaceX appears to broader market conditions. Be sure to set stops as previously provided because in an IPO driven as much by psychology and positioning as by fundamentals, protecting capital is every bit as important as participating in upside. Those who want next-level information, deeper analysis, and access to opportunities not available elsewhere may listen to the podcasts in Arora Ambassador Club. Please click here to fill out the form to join the waitlist. Note: Signal(s) to enter, add, reduce, exit, hold or change. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was published on June 7th in ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, CBRS, GOLD, MARKETS, OIL, QQQ, SILVER, SOXL, SPCX, SPY By Nigam Arora To gain an edge, this is what you need to know today. CPI Saves Stock Market Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The semiconductor mania has been largely responsible for levitating the entire stock market. For this reason, smart money keeps a close eye on semiconductors. The chart shows that yesterday leveraged semiconductor ETF SOXL started the day higher than the high of the prior day. This brought in aggressive buying in the premarket yesterday. The chart shows yesterday leveraged semiconductor ETF SOXL fell right from the opening of the regular session. The proximate reason was chatter about mounting tension between China and Taiwan. The most advanced semiconductors are manufactured in Taiwan, and a significant part of the supply chain for semiconductors is in Taiwan and China. The Arora Report has previously highlighted that China considers Taiwan part of China, and there is an ever present risk of China accomplishing its objective of bringing Taiwan in its fold by force. The chart shows that yesterday SOXL fell to the low band of zone 1 (support). The momo crowd aggressively bought the dip yesterday causing SOXL to close above the high band of zone 1. Prudent investors should note the following: Yesterday’s low in semiconductors, shown on the chart, undercut Friday’s low. As shown on the chart, there was heavier volume both during yesterday’s selloff and Friday’s selloff in semiconductors. Note that SOXL traded as high as $231. 01 and as low as $157. 56 yesterday – a very wide range for one day of trading. The chart shows RSI was turning up yesterday, but now it is turning down. In The Arora Report analysis, the tell for the entire stock market is if semiconductors can hold above the low band of zone 1 shown on the chart. As the chart shows, before the release of Consumer Price Index (CPI) data, semiconductors were seeing heavy selling. After release of CPI data, semiconductors immediately saw heavy buying. There was aggressive selling in the stock market in the early trade prior to the release of CPI data. Immediately after the release of CPI data, aggressive buying came in the stock market. The reason is less than expected Core CPI. The narrative is that headline inflation will come down after the Iran conflict is resolved. Here are the details: Headline CPI came at 0. 5% vs. 0. 5% consensus. Core CPI came at 0. 2% vs. 0. 3% consensus. In The Arora Report analysis, this CPI data eliminates any probability of a rate hike in the upcoming Fed meeting. Produce Price Index (PPI) will be released tomorrow at 8:30am ET. The Iran truce has become more fragile after Iran shot down a U. S. helicopter. The U. S. retaliated in a limited fashion, and Iran responded. President Trump is saying Iran “took too long” in negotiations and will “pay the price. ” Prudent investors should note oil has nudged up only a little after falling yesterday, before the confirmation that Iran had shot down a U. S. helicopter. This indicates that the oil market continues to believe that neither side wants war. Many less-informed investors are getting excited that SpaceX (SPCX) subscription interest reportedly stands at $250B for a $75B IPO. Prudent investors should note, many recent hot IPOs, such as Cerebras Systems (CBRS), have been over 20x oversubscribed. However, SpaceX is unique in that it is the biggest IPO in history, so 20x may not be a fair benchmark. But, 3x–4x oversubscription is not automatically bullish. In the middle of all of the bullishness about the SpaceX IPO, bears are promoting a narrative that the SpaceX IPO marks a top in the stock market. As a full disclosure, The Arora Report has a signal on SpaceX. Members of The Arora Report also have 360 degree analysis on SpaceX including both risks and rewards. There is also a detailed podcast on SpaceX in Arora Ambassador Club. In The Arora Report analysis, how SPCX stock trades post IPO will impact the entire stock market. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 9. 119M barrels vs. a consensus of a draw of 3. 4M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates and bonds are round bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7362 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 195 points. Gold futures are at $4179, silver futures are at $64. 61, and oil futures are at $88. 88. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SOXL, SPCX, SPY By Nigam Arora To gain an edge, this is what you need to know today. AI Excitement Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows yesterday’s SOXL open and close were very close to each other, but there was a wide range during the day. This pattern reflects indecision. The question after yesterday’s close was which way semiconductors would go today. The chart shows semiconductors are rallying big this morning. As of this writing in the early trade, bulls are winning, and bears are retreating. RSI on the chart shows semiconductors can easily run up. The buying in semiconductors in the early trade is spilling into the rest of the stock market. There are three reasons investors are excited this morning: The U. S. may potentially take a stake in AI companies. Sam Altman of OpenAI appears to be championing the idea. It appears President Trump is looking at the idea favorably. OpenAI has filed for IPO right on the heels of Anthropic. The upcoming SpaceX (SPCX) IPO As the momo crowd is bubbling over with excitement, prudent investors should be aware of a potential liquidity squeeze. We previously wrote: Prudent investors should also note that Alphabet chose to get ahead in its massive equity raise, ahead of massive IPOs from SpaceX (SPCX), OpenAI, and Anthropic. Together, along with other IPOs, about $400B of liquidity is being taken out of the stock market. Here are the key questions: How will this liquidity be funded? Will it be funded by investors selling other positions? Will this liquidity test bring the stock market down? In the middle of triple manias about semiconductors, space, and options, the momo crowd is oblivious to Consumer Price Index (CPI) that will be released tomorrow. Prudent investors should pay attention that the consensus for headline CPI is 0. 5%, which on an annualized basis translates to 6% inflation. The consensus for Core CPI is 0. 3%, which on an annualized basis translates to 3. 6% inflation. The Fed’s target is 2%. Further, keep in mind The Arora Report analysis that actual inflation appears to be running higher than reported numbers. Right now, the narrative in the stock market is two-fold: AI is so powerful that nothing else matters. The U. S. will eventually have a deal with Iran, bringing down oil and inflation. In The Arora Report analysis, prudent investors should get ahead. To get ahead, think about the impact of AI on inflation in two phases: The building phase of data centers is inflationary. In the second phase when AI sees widespread adoption, AI will be deflationary. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Microsoft (MSFT). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7444 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 108 points. Gold futures are at $4362, silver futures are at $68. 54, and oil futures are at $89. 38. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, BTCUSD, GOLD, MARKETS, MRVL, MU, NVDA, OIL, QQQ, SILVER, SNDK, SOXL, SPCX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Nvidia CEO Talks His Book Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The semiconductor mania is in full swing and driving the overall market. For this reason, the SOXL chart is important. The chart shows that on Friday SOXL fell 30. 5%. The chart shows SOXL fell into zone 1 (support). The chart shows that volume was heavier than usual on the drop. RSI on the chart shows SOXL is not yet oversold, even after Friday’s drop. The chart shows that this morning in the early trade, SOXL is seeing significant buying and has now moved above zone 1. Prudent investors should watch if the buying in semiconductors in the early trade sustains through the rest of the day or if it fizzles out. There was significant pumping by momo gurus over the weekend to buy the dip. Once the buying from the weekend pump is exhausted, then will come the true test. This morning, there is aggressive buying in semiconductor stocks, in big part, triggered by Nvidia (NVDA) CEO Jensen Huang saying the selloff is a buying opportunity. Nvidia's CEO is the godfather of AI and a brilliant person. He appears to believe in what he is saying. At The Arora Report, we have been telling you since 2022 our high conviction call that money is to be made in AI all the way to 2030. Huang’s statement is in line with The Arora Report analysis of the long term. However, in the short term, it is a different story. Prudent investors need to note that Huang is talking his book. It is his job to run up AI stocks, and when they slide, to say something to stop the slide. The bullishness is so pervasive that yesterday Iran firing missiles on Israel for the first time since April did not derail buying in Nasdaq futures. This morning, more buying came in when Iran said it had concluded its military operation against Israel. For context, Iran fired on Israel in response to Israel bombing Beirut. Investors are gaining confidence knowing that President Trump is trying to rein in both Israel and Iran. Adding to the bullishness this morning is that Marvell Technology (MRVL), a semiconductor stock, was added to the S&P 500 after the stock market closed on Friday. Also adding to the bullishness is upgrades by analysts of Micron (MU) and Sandisk (SNDK). Apple’s (AAPL) WWDC starts today. There are high hopes that Apple will announce its AI plans, and this time the AI overhaul will be successful. Apple Intelligence was first introduced at the 2024 WWDC, but Apple Intelligence has turned out to be disappointing. Excitement continues over the SpaceX (SPCX) IPO. One of the cross currents from the SpaceX IPO is many investors selling tech stocks and speculative stocks to raise money to buy SPCX stock. For those wanting a deeper understanding, a new podcast on SpaceX will be live today in Arora Ambassador Club. Consumer Price Index (CPI) will be released on Wednesday at 8:30am ET, followed by Producer Price Index (PPI) on Thursday at 8:30am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in Alphabet (GOOG) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is inactive in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil Oil is giving up its earlier gains on news that Iran has finished its military operations against Israel. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7464 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 145 points. Gold futures are at $4358, silver futures are at $68. 93, and oil futures are at $91. 57. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMD, AVGO, BRK-B, BTCUSD, CRWD, DIA, DJIA, EWY, GDX, GLD, GOLD, GOOG, GOOGL, HPE, HXSCL, INTC, JPM, MARKETS, MRVL, NVDA, OIL, PANW, QQQ, SILVER, SLV, SOXL, SPCX, SPX, SPY, SSNLF, TBF, TBT, TSM, USO By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' MOMO AGGRESSIVELY BUYS SEMICONDUCTOR DIP, BIG SETBACK FOR SPACEX, BLOWOUT JOBS REPORT Jun 5, 2026 To gain an edge, this is what you need to know today. Blowout Jobs Report Please click here for a chart of the leveraged semiconductor ETF (SOXL). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of the leveraged semiconductor ETF SOXL is being used to illustrate the point. Semiconductor mania is one of the three manias driving the stock market higher. Semiconductor mania has been the main factor driving the stock market higher. The chart shows a drop in SOXL after Broadcom (AVGO) earnings came well below whisper numbers. Please see yesterday’s Morning Capsule for details. The chart shows extremely aggressive buying by the momo crowd on the dip in semiconductors. After a sector has run up and a leading company in that sector disappoints, the kind of aggressive buying shown on the chart is unprecedented. The momo crowd just did not care about earnings. To the momo crowd, every dip is a buying opportunity, especially in semiconductors. The chart shows that extremely aggressive momo crowd buying led SOXL to recover most of the losses after AVGO earnings. Investors in Asia were not swayed by the momo crowd's extremely aggressive buying in semiconductors. The chart shows SOXL started dropping after the regular session yesterday, after indications emerged that there would be selling in Taiwan and Korea. The chart shows that as Taiwan and Korea started trading lower, more selling came into SOXL after hours. Taiwan and South Korea are two markets that have been extremely strong. Taiwan Semiconductor Manufacturing Company (TSM) manufactures the most advanced AI semiconductors in Taiwan. Two big semiconductor memory makers, Samsung Electronics (SSNLF) and SK Hynix (HXSCL), are based in South Korea. The stock market in South Korea fell by 5. 4% overnight. The Taiwan stock market fell by 1. 33%. Korea ETF EWY is long from $48. 60 in ZYX Emerging. It is trading at $191. 12 in the premarket as of this writing. This represents a gain of 293%. There is a big setback for SPCX. S&P has decided not to fast-track the inclusion of SPCX in the S&P 500 after NASDAQ fast-tracked SPCX into the NASDAQ 100. The speculation was that the S&P 500 would do the same. This is a big setback because inclusion in the S&P 500 would have brought in blind money to buy huge quantities of SPCX without considering price or performing any analysis. To make matters worse, Wall Street would have front-run the inclusion by buying SPCX in advance, causing the SPCX price to go even higher. Then Wall Street would have sold SPCX at super-elevated prices to index funds. Passive fund managers do not care about the price they pay because their mandate is to buy whatever is included in the index, and, of course, it is not their money. The money in the funds comes from other investors, but those investors do not care about the price they pay because they drank the Kool-Aid that they must invest blindly because they do not have the intellect to learn the stock market and make good judgments that lead to better returns. For those interested in next level knowledge of the impact on SpaceX, there is a podcast in the Arora Ambassador Club. The Jobs Report is a blowout. Here are the details: Headlines nonfarm payrolls came at 178K vs 196K consensus. Private nonfarm payrolls came at 120K vs 89K consensus. Average hourly came at 0. 3% vs 0. 3% consensus. Unemployment came at 4. 3% vs 4. 3% consensus. In The Arora Report analysis after this Jobs Report, now the probability of a rate cut in Kevin Warsh's first FOMC meeting is only 10%. The speculation has been that Kevin Warsh would manage to get a rate cut to appease President Trump, even though the data does not support it. In The Arora Report analysis, the probability of a rate hike this year is 60%. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Tesla (TSLA), Apple (AAPL), and Microsoft (MSFT). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG), and Meta (META). In the early trade, money flows are negative in S&P 500 ETF (SPY) and in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** gold in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are down. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7554 as of this writing. S&P 500 futures resistance levels are: support levels are 7700, 7900, and 8000: support levels are 7318, 7194, and 7032. DJIA futures are up 67 points. Gold futures are at $4471, silver futures are at $72. 67, and oil futures are at $92. 68. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. SEMI MANIA’S BROADCOM PROBLEM, WORLD’S SMARTEST BANKER TO PITCH SPACEX, JAPAN RISK TO AI TRADE Jun 4, 2026 To gain an edge, this is what you need to know today. Semi Mania Please click here for a chart of Broadcom stock (AVGO). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of AVGO stock is being used to illustrate the point. Broadcom is a semiconductor company that has diversified into software. AVGO stock has run up primarily because of its custom AI chip offerings. The chart shows AVGO stock ran up going into earnings. The buying was mostly from the momo crowd. Momo gurus were predicting blowout earnings from Broadcom and the stock going to the moon after earnings. As a member of The Arora Report, you have been ahead of the curve. We previously shared with you that earnings estimates are very high and there is a fair probability of disappointments. The chart shows a big drop in AVGO stock after earnings. This morning, the momo crowd is aggressively buying AVGO stock after the big drop. Prudent investors should carefully watch to see if AVGO stock breaks below zone 1 (support), shown on the chart, or rebounds on momo crowd buying. In the early trade, most semiconductor stocks have opened significantly lower. However, the momo crowd is aggressively buying the dip. As a reference, leveraged semiconductor ETF SOXL closed yesterday at $280. 54. This morning, it has traded as low as $240. 11. Prudent investors should carefully watch how SOXL behaves. Here are key pieces of data about Broadcom earnings, so you are can develop a good understanding of what is going on: Revenue rose by 48% to $22. 2B vs. $22. 1B consensus. Whisper numbers were north of $24B. AI semiconductor revenue came at $10. 8B vs. $10. 7B consensus. Whisper numbers were north of $13B. The company is projecting AI semiconductor revenue of $16B for fiscal third quarter vs. $17. 2B consensus. Whisper numbers were north of $20B. EBITDA guidance came at 68. 0% vs. 69. 1% consensus. Prudent investors need to remember stocks move based on the difference between real reported numbers and whisper numbers. Whisper numbers are the numbers analysts privately share with their best clients. These numbers are often different from the numbers the same analysts publish for public consumption. Consensus numbers are the average of the numbers published for public consumption. In an unusual move, the world’s smartest banker Jamie Dimon is pitching in a live discussion the SpaceX IPO to 2500 high net worth clients of JPMorgan (JPM). The event is being telecast to 90 JPMorgan locations. Not only is such a pitch by the CEO of the largest bank unusual, it also signals reconciliation between Elon Musk and Dimon after years of disputes. Initial jobless claims came at 225K vs. 216K consensus. This is not of concern. The official jobs report will be released tomorrow at 8:30am ET. There is a dichotomy this morning in the stock market. DJIA is going up, but Nasdaq is down. The reason DJIA is going up is because oil and yields are falling. The reason Nasdaq is going down is Broadcom earnings. Oil and yields are falling due to the U. S. saying that Israel and Lebanon have reaffirmed the ceasefire. If you are keeping track, the ceasefire is not new news; it is just reaffirmation. It is important to note that despite this announcement, fighting continues in southern Lebanon. There is also optimism on President Trump saying there is good progress in talks with Iran. Prudent investors should note that Iran is saying there is no progress. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Risk To AI Trade From Japan In The Arora Report analysis, the bank of Japan is likely to raise interest rates this month. This is important due to the carry trade. In the carry trade, funds have borrowed hundreds of billions of dollars in Japan and invested in the U. S. , primarily in the AI trade. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), and Microsoft (MSFT). In the early trade, money flows are neutral in Alphabet (GOOG). In the early trade, money flows are negative in Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Bitcoin has broken below the important support level of $65,000. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7550 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 472 points. Gold futures are at $4537, silver futures are at $74. 76, and oil futures are at $92. 89. NVIDIA’S CEO ACCELERATES SEMI MANIA, EXTRAORDINARY SPACEX CONFIDENCE, TARIFFS ARE BACK Jun 3, 2026 To gain an edge, this is what you need to know today. Raise Hedges There is an old saying about closing the barn door after the horses have bolted. Most investors react only after the horses have bolted, but prudent investors proactively start closing the barn door when the horses are still inside the barn. Right now, the horses are perfectly content inside the barn, but the risk of the horses bolting is significantly rising. At the same time, hedges, especially at the index level, are very cheap for those using options. Please read the Morning Capsule from June 1 titled “THREE MANIAS CAN DRIVE STOCKS HIGHER BUT CORRECTION RISK INCREASING – ARORA PROTECTION BAND IS THE ANSWER. ” Short term hedges are being raised by ***. Short to medium term hedges are being raised by ***. There will be a separate post on hedges. Please also see the “Arora Protection Band And What To Do Now” section below. Semi Mania Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows the semi mania has accelerated. RSI on the chart shows SOXL is now overbought. The trigger for yesterday’s acceleration of the semi mania was a statement by Nvidia’s (NVDA) CEO Jensen Huang about Marvell (MRVL). We previously shared with you: Nvidia's (NVDA) CEO Jensen Huang is promoting semiconductor company Marvell (MRVL) by saying Marvell is the next $1T company. Marvell's current valuation is about $190B. Huang’s statement caused MRVL stock to move up 32. 5% yesterday, its best day ever. As of this writing in the premarket, MRVL stock is up another 11. 9%. The reason is that the 32. 5% jump in MRVL stock on Huang’s statement made Marvell the largest company outside the S&P 500. This is giving rise to speculation that MRVL will be included in the S&P 500. Wall Street is front running the potential inclusion in S&P 500 and aggressively buying MRVL stock. If MRVL is included in the S&P 500, passive fund managers will buy MRVL stock at a super elevated price from Wall Street banks that are front running by buying MRVL now with the intention of making profits by selling to passive funds at a super elevated price. Passive fund managers do not care about the price they pay because their mandate is to buy whatever is included in the index, and of course, it is not their money. Money in the funds is from other investors, but those investors do not care about the price they pay because they drank the Kool-Aid that they must go blind because they do not have the intellect to learn the stock market and make good judgements that lead to better returns. The myth behind the Kool-Aid is further propagated by statistics showing that many active funds do not beat indexes. As every prudent investor knows, statistics can be manipulated to say whatever the manipulators want to say. Manipulators hide the fact that the real reason many funds underperform indexes is that their investors get too euphoric and buy the funds near the market tops and become too pessimistic near market bottoms and sell. Even when a fund manager knows that it is not wise to buy near the market top, the fund manager ends up buying near the market top because of the flood of money received from investors. Conversely, even when a fund manager knows that it is not smart to sell near the market bottom, the fund manager has no choice but to sell because of massive withdrawals by investors. As a full disclosure, MRVL is an extremely profitable position in Arora Ambassador Club and a signal was given this morning to take partial profits on MRVL. In a sign of extraordinary confidence in demand for its stock, SpaceX (SPCX) is talking about pricing the stock at $135 per share. Normally, companies talk about the price only after the roadshow because the roadshow helps them assess the demand. This is bringing in more optimism to the stock market. Note, the stock market is thinking only about today because it is dominated by the momo crowd and the momo crowd does not think ahead. Prudent investors need to think ahead – please read the June 2 Morning Capsule titled “PAY ATTENTION TO GOOGLE GETTING AHEAD OF SPACEX, OPENAI, AND ANTHROPIC IN $400B LIQUIDITY DRAIN. ” Tariffs are back. The U. S. is proposing a new minimum 10% tariff on many trading partners including Canada, Mexico, and the European Union over forced labor concerns. Iran and the U. S. have again exchanged fire. This is causing oil to go higher and yields to rise, but the stock market is oblivious because it is absorbed in the three manias. ADP is the largest private payroll processor in the country. ADP uses its data to give a glimpse of the jobs picture ahead of Friday’s official jobs report. ADP employment change came at 122K vs. 110K consensus. This data is stronger than expected. The bond market is paying attention, but the stock market is not. Yesterday, JOLTS jobs data was stronger than expected. Again, the bond market paid attention but the stock market remained absorbed in the manias. ISM Non-Manufacturing Index will be released today at 10am ET. Normally, this can be market moving, but expect no impact today because the stock market is too absorbed in its manias. The Fed’s Beige Book will be released at 2pm ET. Expect the stock market to pay no attention and stay absorbed in its manias. In important news, Intel (INTC) is saying that there will be an increase in the supply of 3 and 18A nodes to meet increased demand. INTC stock is jumping on the news. You may recall that we previously shared with you that INTC stock had fallen on Nvidia coming up with a new chip to compete with Intel. Given the semi mania, there is an important earning today after the close from Broadcom (AVGO). Cybersecurity stock Palo Alto Networks (PANW) is falling after good earnings because the stock had run up a lot going into earnings. Another major cybersecurity player, CrowdStrike (CRWD), will report earnings after the close. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META). In the early trade, money flows are neutral in Nvidia (NVDA). In the early trade, money flows are negative in Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and neutral in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is lightly *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 6. 75M barrels vs. a consensus of a draw of 3. 6M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound after the previous big drop. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7607 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 236 points. Gold futures are at $4486, silver futures are at $74. 37, and oil futures are at $96. 23. PAY ATTENTION TO GOOGLE GETTING AHEAD OF SPACEX, OPENAI, AND ANTHROPIC IN $400B LIQUIDITY DRAIN Jun 2, 2026 To gain an edge, this is what you need to know today. Liquidity Drain Please click here for a chart of Alphabet stock (GOOG). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of GOOG stock is being used to illustrate the point. The chart shows Alphabet stock was only slightly down on a massive $80B equity raise. The chart shows that as of this writing in the premarket, GOOG stock has not even closed the gap from April 30. This indicates that the stock market is so bullish that it does not care about the massive equity raise. Under normal market conditions, the April 30 gap would have been filled. Google’s $80B equity raise consists of $30B from public offerings, $40B from an at-the-market offering, and selling $10B to Warren Buffett’s Berkshire Hathaway (BRK. B). Alphabet is saying it is raising equity to fund AI spend. Alphabet is scheduled to spend $180B - $190B in capex in 2026. Capex is expected to significantly increase in 2027. In The Arora Report analysis, here is what prudent investors need to pay attention to: Alphabet’s equity raise is a surprise. In the earnings call in April, the company did not say the need for the equity raise. Instead, Alphabet focused on having raised $85B in debt and strong cash flow. Alphabet is going from a stock buyer to a stock seller. Alphabet bought $46B of its own stock in 2025 and $62B in 2024. Historically, when a large cash rich company decides to sell a massive amount of stock, it often signals that a short term market top may be near. However, investors should note the difference that this time there is AI and it is not clear if historical precedence will apply. Prudent investors should also note that Alphabet chose to get ahead in its massive equity raise, ahead of massive IPOs from SpaceX (SPCX), OpenAI, and Anthropic. Together, along with other IPOs, about $400B of liquidity is being taken out of the stock market. Here is the key questions: How will this liquidity be funded? Will it be funded by investors selling other positions? Will this liquidity test bring the stock market down? As of this writing, the stock market seems to be oblivious to the liquidity test. This should not be a surprise as the stock market is controlled by the momo crowd. The momo crowd does not think ahead. The big edge members of The Arora Report have is thinking ahead. President Trump appears to have prevailed on Israel to stop marching towards Beirut, the capital of Lebanon. Israel has been trying to make maximum military gains ahead of a peace deal. This is the reason Iran had stopped messaging with U. S. negotiators. President Trump's quick action may salvage an Iran deal. ISM Manufacturing Index came at 54. 0 vs. 53. 1 consensus. A value above 50 is considered economic expansion. JOLTS job openings report will be released at 10am ET. Often, JOLTS is market moving, but it is not clear if right now in the middle of triple manias anything that does not inflate the manias matters. In important news, Hewlett Packard Enterprise (HPE) massively beat earnings whisper numbers due to high demand for AI servers. Also, Nvidia’s (NVDA) CEO Jensen Huang is promoting semiconductor company Marvell (MRVL) by saying Marvell is the next $1T company. Marvell’s current valuation is about $190B. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Europe Eurozone inflation has risen to 3. 2%. In The Arora Report analysis, this increases the probability that ECB will raise rates. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are neutral in Meta (META). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and neutral in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7596 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 232 points. Gold futures are at $4551, silver futures are at $76. 75, and oil futures are at $91. 17. THREE MANIAS CAN DRIVE STOCKS HIGHER BUT CORRECTION RISK INCREASING – ARORA PROTECTION BAND IS THE ANSWER Jun 1, 2026 To gain an edge, this is what you need to know today. Correction Risk Increasing Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The risk of a correction is rising. The chart shows four support zones for a potential market drop. Zone 1 - Likely if macro remains strong. The most likely destination is the lower band of Zone 1. Zone 2 - If macro conditions weaken mildly Zone 3 - If macro conditions weaken moderately Zone 4 - If macro conditions weaken severely The chart shows the Iran war correction ended precisely at the low band of zone 4 (support). Arora support zones are proprietary and often differ from Wall Street support levels. Long time members already know that Arora support zones have consistently been more accurate than levels given by Wall Street analysts. Three manias are driving stocks higher. Prudent investors should make a distinction between a mania and a bubble. A mania is primarily driven by investor psychology. A bubble is when valuations become completely disconnected from reality. At this time, we do not see a broad market bubble. However, we do see three powerful manias: Semiconductor mania - Enthusiasm around AI chips and infrastructure Space mania - Excitement around commercialization of space and companies such as SpaceX Options mania - Aggressive speculation, especially through short dated options Prudent investors should note that manias can drive the stock market higher than you can imagine. In addition to manias, there are several bullish factors that could continue to propel stocks upward: Markets are likely to gain confidence that rates will not rise and may ultimately move lower. Assuming a deal with Iran, oil prices are likely to decline. If oil prices fall further, inflation fears are likely to fade, supporting higher stock prices. Earnings growth for 2026 is expected to remain strong. AI capex for 2026 is likely to rise approximately 70%, continuing to support earnings and enthusiasm. Here are the important negative factors: The Arora Report’s proprietary sentiment indicator shows sentiment is extremely positive. An unsophisticated proxy for The Arora Report’s proprietary indicator is the put/call ratio, which closed at 0. 64 on Friday, the lowest level since 2021. Extremely bullish sentiment is generally a contrary signal; in other words, a warning sign. However, sentiment is not a precise timing indicator. Sentiment can remain euphoric for extended periods. This means markets can still move materially higher before correcting. AI related stocks now represent roughly 50% of the S&P 500. Excessive concentration historically increases market fragility. There is a fair probability that second quarter earnings may not meet elevated expectations. Consumer sentiment remains near historically depressed levels even as markets remain near highs. That divergence deserves attention. Historically, markets often experience volatility or weakness ahead of midterm elections. How should investors respond? The goal is to continue profiting from upside while recognizing that corrections can happen quickly anytime between now and October. The answer is dynamic hedging as represented by the Arora Protection Band. Dynamic hedging is: Not all-in and all-out investing Not pure buy-and-hold Not market timing Dynamic hedging combines the strengths of multiple approaches, participating in upside while systematically reducing risk when warning signals rise. The Arora Protection Band is an easy actionable tool to implement dynamic hedging. Investors should: Continue holding strong long term strategic positions Gradually hedge based on changing signals Take partial profits when appropriate Keep tactical positions protected with close stop losses Maintain flexibility Nvidia (NVDA) is jumping into the PC business in direct competition with Intel (INTC) and Advanced Micro Devices (AMD). The U. S. and Iran continue to militarily attack, but President Trump is confident that a deal will “work out well. ” As of this writing, selling is coming in the stock market on a report from Iran that Iran has stopped messaging U. S. negotiators due to Israel continuing to strike Lebanon. ISM Manufacturing Index will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META), Nvidia (NVDA), and Microsoft (MSFT). In the early trade, money flows are negative in Amazon (AMZN), Alphabet (GOOG), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7610 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 32 points. Gold futures are at $4529, silver futures are at $75. 76, and oil futures are at $89. 88. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. Dr. Natasha Arora Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals. - Categories: 0 - Tags: AVGO, BTCUSD, EWY, GOLD, HXSCL, MARKETS, OIL, QQQ, SILVER, SOXL, SPCX, SPY, SSNLF, TSM By Nigam Arora To gain an edge, this is what you need to know today. Blowout Jobs Report Please click here for a chart of the leveraged semiconductor ETF (SOXL). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of the leveraged semiconductor ETF SOXL is being used to illustrate the point. Semiconductor mania is one of the three manias driving the stock market higher. Semiconductor mania has been the main factor driving the stock market higher. The chart shows a drop in SOXL after Broadcom (AVGO) earnings came well below whisper numbers. Please see yesterday’s Morning Capsule for details. The chart shows extremely aggressive buying by the momo crowd on the dip in semiconductors. After a sector has run up and a leading company in that sector disappoints, the kind of aggressive buying shown on the chart is unprecedented. The momo crowd just did not care about earnings. To the momo crowd, every dip is a buying opportunity, especially in semiconductors. The chart shows that extremely aggressive momo crowd buying led SOXL to recover most of the losses after AVGO earnings. Investors in Asia were not swayed by the momo crowd's extremely aggressive buying in semiconductors. The chart shows SOXL started dropping after the regular session yesterday, after indications emerged that there would be selling in Taiwan and Korea. The chart shows that as Taiwan and Korea started trading lower, more selling came into SOXL after hours. Taiwan and South Korea are two markets that have been extremely strong. Taiwan Semiconductor Manufacturing Company (TSM) manufactures the most advanced AI semiconductors in Taiwan. Two big semiconductor memory makers, Samsung Electronics (SSNLF) and SK Hynix (HXSCL), are based in South Korea. The stock market in South Korea fell by 5. 4% overnight. The Taiwan stock market fell by 1. 33%. Korea ETF EWY is long from $48. 60 in ZYX Emerging. It is trading at $191. 12 in the premarket as of this writing. This represents a gain of 293%. There is a big setback for SPCX. S&P has decided not to fast-track the inclusion of SPCX in the S&P 500 after NASDAQ fast-tracked SPCX into the NASDAQ 100. The speculation was that the S&P 500 would do the same. This is a big setback because inclusion in the S&P 500 would have brought in blind money to buy huge quantities of SPCX without considering price or performing any analysis. To make matters worse, Wall Street would have front-run the inclusion by buying SPCX in advance, causing the SPCX price to go even higher. Then Wall Street would have sold SPCX at super-elevated prices to index funds. Passive fund managers do not care about the price they pay because their mandate is to buy whatever is included in the index, and, of course, it is not their money. The money in the funds comes from other investors, but those investors do not care about the price they pay because they drank the Kool-Aid that they must invest blindly because they do not have the intellect to learn the stock market and make good judgments that lead to better returns. For those interested in next level knowledge of the impact on SpaceX, there is a podcast in the Arora Ambassador Club. The Jobs Report is a blowout. Here are the details: Headlines nonfarm payrolls came at 178K vs 196K consensus. Private nonfarm payrolls came at 120K vs 89K consensus. Average hourly came at 0. 3% vs 0. 3% consensus. Unemployment came at 4. 3% vs 4. 3% consensus. In The Arora Report analysis after this Jobs Report, now the probability of a rate cut in Kevin Warsh's first FOMC meeting is only 10%. The speculation has been that Kevin Warsh would manage to get a rate cut to appease President Trump, even though the data does not support it. In The Arora Report analysis, the probability of a rate hike this year is 60%. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Tesla (TSLA), Apple (AAPL), and Microsoft (MSFT). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG), and Meta (META). In the early trade, money flows are negative in S&P 500 ETF (SPY) and in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** gold in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are down. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7554 as of this writing. S&P 500 futures resistance levels are: support levels are 7700, 7900, and 8000: support levels are 7318, 7194, and 7032. DJIA futures are up 67 points. Gold futures are at $4471, silver futures are at $72. 67, and oil futures are at $92. 68. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AVGO, BTCUSD, GOLD, JPM, MARKETS, OIL, QQQ, SILVER, SPCX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Semi Mania Please click here for a chart of Broadcom stock (AVGO). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of AVGO stock is being used to illustrate the point. Broadcom is a semiconductor company that has diversified into software. AVGO stock has run up primarily because of its custom AI chip offerings. The chart shows AVGO stock ran up going into earnings. The buying was mostly from the momo crowd. Momo gurus were predicting blowout earnings from Broadcom and the stock going to the moon after earnings. As a member of The Arora Report, you have been ahead of the curve. We previously shared with you that earnings estimates are very high and there is a fair probability of disappointments. The chart shows a big drop in AVGO stock after earnings. This morning, the momo crowd is aggressively buying AVGO stock after the big drop. Prudent investors should carefully watch to see if AVGO stock breaks below zone 1 (support), shown on the chart, or rebounds on momo crowd buying. In the early trade, most semiconductor stocks have opened significantly lower. However, the momo crowd is aggressively buying the dip. As a reference, leveraged semiconductor ETF SOXL closed yesterday at $280. 54. This morning, it has traded as low as $240. 11. Prudent investors should carefully watch how SOXL behaves. Here are key pieces of data about Broadcom earnings, so you are can develop a good understanding of what is going on: Revenue rose by 48% to $22. 2B vs. $22. 1B consensus. Whisper numbers were north of $24B. AI semiconductor revenue came at $10. 8B vs. $10. 7B consensus. Whisper numbers were north of $13B. The company is projecting AI semiconductor revenue of $16B for fiscal third quarter vs. $17. 2B consensus. Whisper numbers were north of $20B. EBITDA guidance came at 68. 0% vs. 69. 1% consensus. Prudent investors need to remember stocks move based on the difference between real reported numbers and whisper numbers. Whisper numbers are the numbers analysts privately share with their best clients. These numbers are often different from the numbers the same analysts publish for public consumption. Consensus numbers are the average of the numbers published for public consumption. In an unusual move, the world’s smartest banker Jamie Dimon is pitching in a live discussion the SpaceX IPO to 2500 high net worth clients of JPMorgan (JPM). The event is being telecast to 90 JPMorgan locations. Not only is such a pitch by the CEO of the largest bank unusual, it also signals reconciliation between Elon Musk and Dimon after years of disputes. Initial jobless claims came at 225K vs. 216K consensus. This is not of concern. The official jobs report will be released tomorrow at 8:30am ET. There is a dichotomy this morning in the stock market. DJIA is going up, but Nasdaq is down. The reason DJIA is going up is because oil and yields are falling. The reason Nasdaq is going down is Broadcom earnings. Oil and yields are falling due to the U. S. saying that Israel and Lebanon have reaffirmed the ceasefire. If you are keeping track, the ceasefire is not new news; it is just reaffirmation. It is important to note that despite this announcement, fighting continues in southern Lebanon. There is also optimism on President Trump saying there is good progress in talks with Iran. Prudent investors should note that Iran is saying there is no progress. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Risk To AI Trade From Japan In The Arora Report analysis, the bank of Japan is likely to raise interest rates this month. This is important due to the carry trade. In the carry trade, funds have borrowed hundreds of billions of dollars in Japan and invested in the U. S. , primarily in the AI trade. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), and Microsoft (MSFT). In the early trade, money flows are neutral in Alphabet (GOOG). In the early trade, money flows are negative in Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Bitcoin has broken below the important support level of $65,000. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7550 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are up 472 points. Gold futures are at $4537, silver futures are at $74. 76, and oil futures are at $92. 89. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AVGO, BTCUSD, CRWD, GOLD, INTC, MARKETS, MRVL, NVDA, OIL, PANW, QQQ, SILVER, SOXL, SPCX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Raise Hedges There is an old saying about closing the barn door after the horses have bolted. Most investors react only after the horses have bolted, but prudent investors proactively start closing the barn door when the horses are still inside the barn. Right now, the horses are perfectly content inside the barn, but the risk of the horses bolting is significantly rising. At the same time, hedges, especially at the index level, are very cheap for those using options. Please read the Morning Capsule from June 1 titled “THREE MANIAS CAN DRIVE STOCKS HIGHER BUT CORRECTION RISK INCREASING – ARORA PROTECTION BAND IS THE ANSWER. ” Short term hedges are being raised by *** (To see the locked content, please take a 30 day free trial). Short to medium term hedges are being raised by ***. There will be a separate post on hedges. Please also see the “Arora Protection Band And What To Do Now” section below. Semi Mania Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows the semi mania has accelerated. RSI on the chart shows SOXL is now overbought. The trigger for yesterday’s acceleration of the semi mania was a statement by Nvidia’s (NVDA) CEO Jensen Huang about Marvell (MRVL). We previously shared with you: Nvidia's (NVDA) CEO Jensen Huang is promoting semiconductor company Marvell (MRVL) by saying Marvell is the next $1T company. Marvell's current valuation is about $190B. Huang’s statement caused MRVL stock to move up 32. 5% yesterday, its best day ever. As of this writing in the premarket, MRVL stock is up another 11. 9%. The reason is that the 32. 5% jump in MRVL stock on Huang’s statement made Marvell the largest company outside the S&P 500. This is giving rise to speculation that MRVL will be included in the S&P 500. Wall Street is front running the potential inclusion in S&P 500 and aggressively buying MRVL stock. If MRVL is included in the S&P 500, passive fund managers will buy MRVL stock at a super elevated price from Wall Street banks that are front running by buying MRVL now with the intention of making profits by selling to passive funds at a super elevated price. Passive fund managers do not care about the price they pay because their mandate is to buy whatever is included in the index, and of course, it is not their money. Money in the funds is from other investors, but those investors do not care about the price they pay because they drank the Kool-Aid that they must go blind because they do not have the intellect to learn the stock market and make good judgements that lead to better returns. The myth behind the Kool-Aid is further propagated by statistics showing that many active funds do not beat indexes. As every prudent investor knows, statistics can be manipulated to say whatever the manipulators want to say. Manipulators hide the fact that the real reason many funds underperform indexes is that their investors get too euphoric and buy the funds near the market tops and become too pessimistic near market bottoms and sell. Even when a fund manager knows that it is not wise to buy near the market top, the fund manager ends up buying near the market top because of the flood of money received from investors. Conversely, even when a fund manager knows that it is not smart to sell near the market bottom, the fund manager has no choice but to sell because of massive withdrawals by investors. As a full disclosure, MRVL is an extremely profitable position in Arora Ambassador Club and a signal was given this morning to take partial profits on MRVL. In a sign of extraordinary confidence in demand for its stock, SpaceX (SPCX) is talking about pricing the stock at $135 per share. Normally, companies talk about the price only after the roadshow because the roadshow helps them assess the demand. This is bringing in more optimism to the stock market. Note, the stock market is thinking only about today because it is dominated by the momo crowd and the momo crowd does not think ahead. Prudent investors need to think ahead – please read the June 2 Morning Capsule titled “PAY ATTENTION TO GOOGLE GETTING AHEAD OF SPACEX, OPENAI, AND ANTHROPIC IN $400B LIQUIDITY DRAIN. ” Tariffs are back. The U. S. is proposing a new minimum 10% tariff on many trading partners including Canada, Mexico, and the European Union over forced labor concerns. Iran and the U. S. have again exchanged fire. This is causing oil to go higher and yields to rise, but the stock market is oblivious because it is absorbed in the three manias. ADP is the largest private payroll processor in the country. ADP uses its data to give a glimpse of the jobs picture ahead of Friday’s official jobs report. ADP employment change came at 122K vs. 110K consensus. This data is stronger than expected. The bond market is paying attention, but the stock market is not. Yesterday, JOLTS jobs data was stronger than expected. Again, the bond market paid attention but the stock market remained absorbed in the manias. ISM Non-Manufacturing Index will be released today at 10am ET. Normally, this can be market moving, but expect no impact today because the stock market is too absorbed in its manias. The Fed’s Beige Book will be released at 2pm ET. Expect the stock market to pay no attention and stay absorbed in its manias. In important news, Intel (INTC) is saying that there will be an increase in the supply of 3 and 18A nodes to meet increased demand. INTC stock is jumping on the news. You may recall that we previously shared with you that INTC stock had fallen on Nvidia coming up with a new chip to compete with Intel. Given the semi mania, there is an important earning today after the close from Broadcom (AVGO). Cybersecurity stock Palo Alto Networks (PANW) is falling after good earnings because the stock had run up a lot going into earnings. Another major cybersecurity player, CrowdStrike (CRWD), will report earnings after the close. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META). In the early trade, money flows are neutral in Nvidia (NVDA). In the early trade, money flows are negative in Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and neutral in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 6. 75M barrels vs. a consensus of a draw of 3. 6M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound after the previous big drop. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7607 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7318, 7194, and 7032. DJIA futures are down 236 points. Gold futures are at $4486, silver futures are at $74. 37, and oil futures are at $96. 23. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 By Nigam Arora Market manias are becoming increasingly difficult to ignore. Aggressive momentum buying, surging AI enthusiasm, and concentrated leadership have pushed major indexes to new highs. While these trends can continue longer than many investors expect, warning signs are beginning to emerge beneath the surface. In a recent interview on Schwab Network, Nigam Arora discussed why the probability of a market correction has risen significantly, even as the ongoing manias continue to drive stocks higher. He emphasized that investors often underestimate how long a mania can last, but they also underestimate how quickly sentiment can shift once conditions change. Nigam pointed to several factors that are increasing correction risk. First, investor sentiment has become extremely positive. Historically, excessive optimism is often a warning sign because it suggests many investors have already committed capital, leaving fewer buyers available to push prices higher. He also noted that earnings expectations for the second quarter have been rising, creating the risk that companies may struggle to meet increasingly ambitious forecasts. Another concern is market concentration. According to Nigam, AI-related stocks now represent an unusually large portion of the S&P 500. When leadership becomes highly concentrated in a small group of stocks, market fragility increases because weakness in a few names can have an outsized impact on the broader indexes. Consumer data is also sending mixed signals. While consumer spending remains resilient, consumer sentiment has deteriorated sharply and savings rates continue to decline. Nigam noted that these trends are not sustainable indefinitely and could eventually contribute to slower economic activity. At the same time, the market is approaching a midterm election cycle, a period that has historically been associated with increased volatility and periodic market pullbacks. Despite these concerns, Nigam stressed that investors should not attempt to predict the exact timing of a correction. Instead, he explained how The Arora Report uses a dynamic hedging approach designed to participate in market upside while reducing downside risk when conditions become more dangerous. This strategy helped members raise cash and increase hedges ahead of the Iran conflict and later deploy capital as conditions improved. Rather than making all-or-nothing market calls, Nigam described a process of gradually increasing hedges as risk rises and reducing those hedges when data suggests a favorable opportunity is emerging. This approach allows investors to maintain long-term strategic positions while managing short-term volatility. Nigam also discussed the importance of using support zones rather than relying on a single market level. By combining macroeconomic analysis, fundamentals, quantitative models, and technical indicators, investors can make more informed decisions about when to become defensive and when to redeploy capital. He emphasized that successful investing is not about perfectly timing tops and bottoms but about managing risk and opportunity as conditions evolve. One of the most important takeaways from the interview is that hedges are often cheapest when investors feel most comfortable. When markets are calm and optimism is widespread, many investors see little need for protection. Historically, those periods can offer some of the best opportunities to prepare for future volatility before it arrives. Watch the interview for Nigam Arora’s insights on market manias, correction risk, dynamic hedging, support zones, AI-driven market concentration, consumer trends, and how disciplined investors can continue participating in rallies while preparing for potential volatility ahead. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ABT, BSX By Nigam Arora Editor’s note: This signal was published on May 28, 2026, in ZYX Buy Alert for paid members. In general, the time to buy a high quality company's stock is when it is hated. Boston Scientific Corp (BSX) has become one of the market’s most hated stocks. The reason is simple: WATCHMAN FLX™ Pro. The stock has been hit hard after management warned that stand-alone Watchman procedures are slowing and that growth may remain soft over the next several quarters. The market reaction has been severe. The question now is simple: Has the long-term thesis materially changed, or is the market reacting to a temporary disruption in one important product line? At this stage, selling Boston Scientific into panic appears premature. Why Boston Scientific Is Falling Several factors are pressuring the stock. Medical device stocks are out of favor Investors are aggressively moving money into AI, semiconductors, and other mania trades. Steady healthcare and medical device companies are increasingly being used as funding sources for hotter sectors. This pressure is not unique to Boston Scientific. Ironically, medical device companies may ultimately benefit from AI advances, but for now, the market wants immediate excitement. The Watchman problem Watchman has been one of Boston Scientific’s biggest growth drivers. The device helps reduce stroke risk in atrial fibrillation patients by closing the left atrial appendage and reducing reliance on blood thinners. The issue is not that Watchman has stopped growing. The issue is that stand-alone Watchman procedures have slowed, and management now expects soft near-term growth. Doctors are increasingly combining Watchman with other procedures, especially ablation treatments. That may be beneficial over time, but near term it creates disruption. Competition is increasing Boston Scientific still dominates left atrial appendage closure. However, competitors such as ABT continue pushing alternatives, including Amulet. Even modest competition can matter when expectations were very high. Guidance credibility has taken a hit Boston Scientific earlier lowered growth expectations for the year. Even though growth remains respectable by medical device standards, the market rarely reacts kindly when expectations move lower. How Big Is The Watchman Problem? This is where investors may be overreacting. Boston Scientific generated about $5. 2 billion in Q1 revenue. Watchman generated about $506 million. That means Watchman represents roughly 10% of companywide sales. In other words, about 90% of Boston Scientific's revenue comes from somewhere else. Here is where the rest of the business comes from: Electrophysiology (including Farapulse): ~$905M quarterly sales This includes Boston Scientific’s pulsed field ablation business, one of the strongest growth areas in cardiology. Atrial fibrillation is increasing, especially among older populations. The same demographic trend helping Watchman also helps ablation. Pacemakers and defibrillators (Cardiac Rhythm Management): ~$578M quarterly sales An aging population means more rhythm disorders, more pacing needs, and more heart failure management. Coronary and vascular therapies: ~$1. 2B quarterly sales Heart disease and vascular disease are not disappearing. This remains one of Boston Scientific’s largest businesses. Endoscopy, Urology, Neuromodulation, and Oncology tools: billions more in recurring procedure demand These businesses provide diversification beyond cardiovascular care. No single product drives the entire company. That matters. What About Profits? Boston Scientific does not break out Watchman profits separately. However, Watchman is likely more important to profits than sales, because implantable medical devices tend to carry attractive margins. A reasonable estimate is that Watchman may represent low-to-mid teens of operating profits, even though it represents only about 10% of revenue. Enough to justify treating Boston Scientific as if the entire growth story is broken? Probably not. The market appears to be reacting as if Watchman is the entire company. It is not. Why The Long-Term Story May Still Be Intact One of the best times to take a closer look at a quality company is when investors suddenly hate the stock. That does not mean blindly buying weakness. It means determining whether the problem is temporary or whether the long-term thesis has truly broken. There are several reasons the long-term story may still be intact. 1. Aging demographics still matter This is the part the market may be forgetting. An aging population means: More atrial fibrillation More pacemakers More defibrillators More vascular disease More procedures Boston Scientific sits directly in the middle of these trends. A temporary slowdown in Watchman does not stop demographic demand. This is not a one-quarter theme. It is a multi-decade trend. 2. Watchman may be a pause, not a collapse The market is acting like Watchman suddenly broke. That is not what management said. Management said growth slowed. Big difference. Doctors are increasingly combining Watchman with ablation procedures instead of performing Watchman as a stand-alone treatment. Near-term disruption does not necessarily mean long-term impairment. 3. Boston Scientific remains diversified Boston Scientific is not a one-product company. The business spans: Electrophysiology Defibrillators and pacemakers Coronary and vascular therapies Endoscopy Urology Neuromodulation Oncology-related procedures Even if Watchman takes time to recover, the broader business remains substantial. 4. The Penumbra acquisition adds another growth driver The pending Penumbra acquisition expands Boston Scientific into thrombectomy and neurovascular procedures. The deal may create near-term earnings dilution. The market dislikes that. But strategically, it strengthens Boston Scientific’s cardiovascular ecosystem and expands long-term growth opportunities. Analogs: Hated Stocks Can Turn Into Big Winners There is no certainty that Boston Scientific will follow the same path, but history shows that deeply hated stocks can eventually surprise investors. Consider: MU — heavily disliked at one point when memory prices collapsed, and investors questioned the business model. AMAT — repeatedly written off during semiconductor downturns. INTC — after prolonged disappointment, sentiment became deeply negative. At different points, these stocks became deeply hated. Signals were given to buy at depressed prices when sentiment had turned overwhelmingly negative. Now look at the enormous gains Arora Members have on these stocks. The expectation is not that Boston Scientific will suddenly behave like Micron. The point is different. When sentiment becomes overwhelmingly negative toward both a stock and an entire sector, opportunity sometimes emerges. Boston Scientific increasingly appears to be entering that zone. The Antidote To AI Concentration Arora portfolios are heavily concentrated in AI and semiconductors That has worked very well. But concentration risk quietly builds when too much of a portfolio depends on the same theme continuing indefinitely. Boston Scientific offers a very different exposure. Instead of depending on GPU demand, hyperscaler capex, or AI spending cycles, Boston Scientific depends on healthcare procedures and aging demographics. In many ways, Boston Scientific can serve as an antidote to AI concentration. Diversification by strategy matters Most portfolios today are heavily driven by AI-related momentum. Boston Scientific is driven by an entirely different force: long-term medical demand. Diversification by strategy is often overlooked, but can be just as important as diversification by sector. Growth and value balance Much of the market leadership has been growth-at-any-price. Boston Scientific increasingly looks more like a value opportunity after the sharp selloff. The stock is no longer priced for perfection. Money flows can change Markets move in cycles. At some point, leadership changes. If enthusiasm for AI stocks cools, capital can rotate into overlooked sectors, including medical device companies. No one knows when that shift will happen. But eventually, something changes. Time Frame Patience may be required. Boston Scientific’s fundamentals are unlikely to improve dramatically over the next two or three quarters. Watchman challenges may persist. Management will likely need time to stabilize growth and rebuild confidence. However, sentiment often changes before fundamentals improve. If enthusiasm around AI and semiconductor stocks cools, investor interest in steadier medical device businesses could return sooner than expected. There is another factor to watch. Tax-loss selling Tax-loss selling often intensifies between October and December. If sentiment toward medical device stocks remains weak, Boston Scientific could face additional selling pressure as investors lock in losses. Ironically, periods of forced selling sometimes create opportunity by pushing prices to artificially depressed levels. If sentiment does not improve before then, that period may offer a more attractive opportunity to add exposure. What To Do Now To learn what to do now, click here to take a 30 day free trial. Note: Signal(s) to enter, add, reduce, exit, hold or change. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on May 28, 2026, in ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 By Nigam Arora To gain an edge, this is what you need to know today. Stock Market Manias Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows zone 1 (support). There is a fair probability of the stock market pulling into zone 1 over the next two months. The upcoming SpaceX (SPCX) IPO is so massive that its post IPO behavior will have a major impact on when and how a pullback occurs in the broader stock market. The reason is the rules are being changed for early inclusion of SPCX in the indexes. Those wanting a deeper understanding may consider listening to the podcast in Arora Ambassador Club. The chart shows volume continues to be low. The traditional interpretation of volume is not applicable here because investors are not buying stocks and are instead caught up in the options mania. Prudent investors should note that three of the biggest IPOs are coming. These IPOs are going to absorb a large amount of capital. Some of this capital will come from selling other popular stocks. These IPOs are: SpaceX $75B+ OpenAI $50B - $150B Anthropic $40B - $60B Significant buying has occurred in the stock market on a report that the U. S. and Iran have reached a deal to extend the ceasefire by 60 days. According to the report, the deal is pending President Trump’s approval. News of the deal has also caused selling in oil and buying in bonds. Dell (DELL) reported blowout earnings driven by demand for AI servers. Dell specifically highlighted the memory shortage. This is benefiting the stocks of Micron (MU) and Sandisk (SNDK). Dell earnings are giving a second wind to the semiconductor mania, including the stocks of Dell’s suppliers Intel (INTC) and Advanced Micro Devices (AMD). The reaction in Nvidia (NVDA) stock is muted. Jeff Bezos’s space company Blue Origin’s New Glenn rocket exploded on the launch pad. The rocket explosion happened as the space mania is in full swing among the momo crowd. Space stocks such as AST SpaceMobile (ASTS), Firefly Aerospace (FLY), Intuitive Machines (LUNR), Voyager Technologies (VOYG), and Rocket Lab (RKLB) are pulling back as of this writing in the premarket. This is also not great news for Amazon (AMZN) as some of Amazon’s plans count on Blue Origin’s success. The incident also highlights that rockets are difficult and how well Elon Musk’s SpaceX has done. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Finance Minister Katayama is warning Japan may engage in currency intervention at any time. Japan is important due to the carry trade. In the carry trade, funds have borrowed hundreds of billions of dollars in Japan and invested in the U. S. , lately in the AI trade. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Microsoft (MSFT) and Nvidia (NVDA). In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Tesla (TSLA), Alphabet (GOOG), and Meta (META). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7591 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7320, 7195, and 7000. DJIA futures are up 135 points. Gold futures are at $4549, silver futures are at $75. 81, and oil futures are at $87. 35. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AVAV, BTCUSD, GOLD, KTOS, MARKETS, MU, OIL, QQQ, RCAT, SILVER, SOXL, SPY, UMAC By Nigam Arora To gain an edge, this is what you need to know today. Potential Fourth Mania Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows SOXL taking a hit yesterday. SOXL traded as high as $255. 53 in the premarket yesterday and later traded as low as $204. 00. This is an eye popping 25% drop from the high to the low in one day. The immediate trigger for the move was the price action in Micron (MU) stock. In the premarket yesterday, buying in MU stock was extremely aggressive as the momo crowd was attracted to the magnet of $1000. The Arora Report shared this magnet with you awhile ago, well in advance. The magnet is shown in this chart from yesterday’s Morning Capsule. For the sake of full transparency, this chart is unchanged from what was published yesterday morning. MU stock traded as high as $985 in the premarket. As serious concerns developed around the Iran peace deal, MU stock started pulling back. MU stock pulling back before reaching $1000 triggered selling in the entire semiconductor sector. Later yesterday, MU stock traded as low as $888. 15. The very very short term indicator given in yesterday’s Morning Capsule was negative at a time when markets were exuberant and there was aggressive buying. For mania stocks, that call has proven spot on. In yesterday’s Morning Capsule we wrote: There is extremely aggressive buying in the early trade, but the mania stocks are very overbought and thus vulnerable to a major pullback anytime. To the stock market’s dismay, the U. S. and Iran have exchanged military strikes. The U. S. says strikes were limited and the ceasefire is still in effect. The U. S. and Iran have totally different versions of the peace deal that is claimed to be almost done. Yesterday, all three manias (semis, options, and space) took a hit. The space mania was the most resilient. In The Arora Report analysis, the just released PCE data has the potential to reignite the manias. PCE is the Fed's favorite inflation gauge. PCE data came cooler than expected Here are the details: Headline PCE came at 0. 4% vs. 0. 5% consensus. Core PCE came at 0. 2% vs. 0. 3% consensus. The U. S. economy is 70% consumer based. For this reason, prudent investors pay attention to personal income and personal spending. Here are the details: Personal spending came at 0. 5% vs. 0. 4% consensus. Personal income came at 0. 0% vs. 0. 5% consensus. GDP data is weak. Here are the details: Q1 GDP second estimate came at 1. 6% vs. 2. 0% consensus. Q1 GDP Deflator second estimate came at 3. 5% vs. 4. 5% consensus. Durable orders data is strong. Here are the details: Durable orders came in at 7. 9% vs 1. 7% consensus. Durable orders ex-transportation came at 1. 1% vs 0. 5% consensus. Initial jobless claims came at 215K vs. 214K consensus. There is potential for a new fourth mania in drone companies. Drone companies have seen selling and stocks have pulled back on the prospect of peace with Iran. However, the Trump administration is looking at providing major funding to drone companies. The companies of interest are Red Cat (RCAT), Unusual Machines (UMAC), Kratos Defense & Security Solutions (KTOS), and AeroVironment (AVAV). There are positions in RCAT and UMAC in ZYX Buy, and there is a new signal on a trade around position on RCAT. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META) and Microsoft (MSFT). In the early trade, money flows are neutral in Amazon (AMZN) and Apple (AAPL). In the early trade, money flows are negative in Alphabet (GOOG), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin It appears some bitcoin (BTC. USD) holders have been selling bitcoin to participate in the three manias. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7541 as of this writing. S&P 500 futures resistance levels are 7700, 7900, and 8000 : support levels are 7500, 7200, and 7000. DJIA futures are down 64 points. Gold futures are at $4462, silver futures are at $74. 17, and oil futures are at $90. 47. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, LUNR, MARKETS, MU, NASA, OIL, QQQ, SIDU, SILVER, SPCX, SPY, USO By Nigam Arora To gain an edge, this is what you need to know today. Weak Under Surface Please click here for a chart of Micron stock (MU). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point. Micron is important because it is the poster child for the current semi and options manias. The chart shows MU stock is approaching the magnet we previously provided to members of The Arora Report in advance. RSI on the chart shows there is more room for MU stock to run. Volume on the chart is higher on yesterday’s 19% one day rally. From the market mechanics side, the big reason for the MU explosive rise is a gamma squeeze. As the momo crowd extremely aggressively bought calls on MU and MU approached strike prices, market makers were forced to buy MU stock. All investors can gain a significant edge in the stock market by deeply understanding market mechanics. The best source to learn market mechanics is to listen to the podcasts in Arora Ambassador Club. As a member of The Arora Report, you have been ahead of the curve. We have been sharing with you for a long time that semiconductor demand, including memory demand, is going to continue, but it is going to slow down in 2028. Keep in mind, the stock market reacts in advance of the slow down. The slow down may present a great short selling opportunity. Just like an athlete trains for an event, for those interested in capturing this potential opportunity, you need to start practicing short selling now. One of the reasons for the explosive rally in MU stock was a statement from Micron CEO that demand would continue through 2026. Another reason was a Wall Street analyst setting a target of $1625 for MU. Members of The Arora Report are long MU from an average of $21. 77, representing a gain of over 4372% as of this writing. The Arora Report was giving signals to buy MU stock when everyone hated Micron. It is not just buying ahead of the crowd. What created such a massive gain was the discipline and framework of The Arora Report to continue holding through volatility while systematically taking partial profits, managing risk, and adapting to changing market conditions. Micron’s valuation has now topped $1T. In addition to the ongoing semiconductor and options manias, a new mania is in full swing. The new mania is a space mania. The space mania was triggered by the upcoming SpaceX (SPCX) IPO. The Arora Report has given several profitable signals on space positions, including Space Innovators ETF (NASA), Intuitive Machines (LUNR), and Sidus Space (SIDU). S&P 500 level of 8000 has become the new magnet. However, prudent investors should note there is weakness below the surface. Only 54% of S&P 500 are in an uptrend. Over the last month, the only sector to outperform the index is the tech sector. There is buying coming in for the umpteenth time on Iran peace hopium. Oil is falling. ZYX Short has a short position in oil ETF USO. In general, a short position works better than an inverse ETF position. There is extremely aggressive buying in the early trade, but the mania stocks are very overbought and thus vulnerable to a major pullback anytime. In The Arora Report analysis, a pullback in mania stocks can cause the entire stock market to pull back. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN) and Apple (AAPL). In the early trade, money flows are negative in Microsoft (MSFT), Alphabet (GOOG), and Meta (META). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** into the strength in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7561 as of this writing. S&P 500 futures resistance levels are 8000, 7700, and 7900 : support levels are 7500, 7200, 7000. DJIA futures are up 92 points. Gold futures are at $4449, silver futures are at $74. 85, and oil futures are at $88. 45. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ADI, AMAT, BTCUSD, BTM, DIA, DJIA, GDX, GFS, GLD, GOLD, GOOG, GOOGL, HD, IBM, INFQ, LOW, MARKETS, MU, NVDA, NXPI, OIL, QBTS, QCOM, QQQ, RGTI, SILVER, SLV, SMH, SNDK, SOXL, SPCX, SPX, SPY, SSNLF, STX, TBF, TBT, TBX, TGT, TLT, TXN, USO, WDC, WMT By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' SEMI MANIA HELPED BY IRAN OPTIMISM, POTENTIAL SHORT SQUEEZE AHEAD May 22, 2026 To gain an edge, this is what you need to know today. Iran Optimism Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows semiconductors rallied yesterday on Iran peace hopes. The chart shows semiconductors are rallying again in the early trade on Iran peace hopes. The chart shows zone 1 (resistance). Today is Friday before a long weekend. Expect liquidity to be low. Low liquidity and the potential of an Iran deal over the weekend are precisely the conditions that can lead to a vicious short squeeze driving the stock market, especially semiconductors, higher than you would think. If a short squeeze carries SOXL above zone 1, technically oriented investors will jump in on the breakout. For the momo crowd, SOXL at $200 will become the magnet. Semiconductors are the leading sector. If semiconductors go higher, they will carry the entire stock market higher. Yesterday was full of conflicting reports on Iran. These reports ranged from a deal was reached to there is no progress on the two sticky issues of uranium and opening the Strait of Hormuz. This morning, there is an unconfirmed report that the Pakistani Army Chief is on his way to Iran. This report is bringing in significant buying in the stock market, selling in oil, and buying in bonds. For investors, all of the noise and conflicting reports regarding Iran can be difficult, especially since President Trump has been saying the deal was close for several weeks. The best way to cut through the noise is to follow the proprietary Arora Protection Band. Kevin Warsh will be sworn in as Fed Chair today. Warsh has a difficult job as President Trump expects him to cut interest rates. However, he cannot cut interest rates without support from the majority of FOMC members. As we have previously shared with you, a majority of FOMC members are open to a rate hike and certainly do not want to cut interest rates. In The Arora Report analysis, the present Fed policy is in favor of easing. Expect negotiations between Warsh and the rest of the FOMC. Expect the rest of the FOMC to push Warsh to change Fed policy to neutral as a first step. Leading economic index and University of Michigan Consumer Sentiment will be released at 10am ET and may be market moving. China is the clear winner from the Iran conflict. During President Trump’s visit to China he was pushed hard by China to stop $14B worth of arms sales to Taiwan. Acting Navy Secretary Hung Cao is saying the U. S. is pausing arms sales to Taiwan. The reason Cao is citing is to make sure the U. S. has enough ammunition for the Iran conflict. The U. S. Congress approved arms sales to Taiwan in January, but it requires President Trump’s signature. In The Arora Report analysis, the pause in arms sales will cause anxiety in Taiwan, and China will count it as a win. Chinese AI and semiconductor stocks have not moved up anywhere close to the U. S. AI and semiconductor stocks. For those who can handle the China risk, China is an opportunity. ZYX Emerging has continuously covered China for 19 years. The plan is to add a new ETF in the ZYX Emerging Model Portfolio that covers the semiconductor supply chain in China. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are neutral in Alphabet (GOOG) and Meta (META). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is inactive in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7498 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are up 390 points. Gold futures are at $4521, silver futures are at $76. 11, and oil futures are at $96. 44. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. BONDS APPROACH DANGER ZONE FOR STOCKS AS SEMI MANIA TEMPERED BY CROSSING URANIUM REDLINES, U. S. TO INVEST IN QUANTUM May 21, 2026 To gain an edge, this is what you need to know today. Danger Zone For Stocks Please click here for a chart of 20+ year Treasury bond ETF (TLT). Note the following: The chart shows TLT has fallen into zone 4 (support). The chart shows the new danger zone for stocks. The FOMC minutes show widespread support for a rate hike. President Trump appointed Warsh as Fed Chair to lower interest rates, but Warsh cannot do it alone. He needs the support of the FOMC. Based on the current data, in The Arora Report analysis, there is a 60% probability of a rate hike in 2026. Of course, the probability will decrease if the Iran conflict is resolved quickly. What is happening in the bond market is a major reason, along with the upcoming midterm elections, for President Trump to resolve the Iran conflict quickly. President Trump is running into two conflicting redlines regarding Iran’s uranium. Iran’s Supreme Leader is reportedly saying that Iran’s enriched uranium must stay in Iran. He believes the removal of enriched uranium will increase the likelihood of another attack on Iran. This is not confirmed. In contrast, Israel’s redline is that enriched uranium must be removed from Iran. Israel believes if enriched uranium stays in Iran, Iran will pose an existential threat to Israel in the future. After great earnings from Nvidia (NVDA), the semiconductor mania was progressing in the early trade, but the buying has been stopped in its tracks by the alleged statement from Iran’s Supreme Leader. Iran’s Supreme Leader’s alleged statement is causing oil to rise and bonds to fall. As of this writing in the premarket, there are unconfirmed reports that the White House is claiming the report of Iran’s Supreme Leader’s statement is false. Samsung (SSNLF) workers are no longer going on strike. This is good news for memory supply as Samsung is the largest memory maker in the world. Good news for memory supply is bad news for memory and disk drive stocks such as Micron (MU), Sandisk (SNDK), Western Digital (WDC), and Seagate (STX). To counter, these companies are making a case for long term rising demand. Prudent investors should note that memory stocks rose on the potential of the Samsung strike and then rose again on the Samsung strike resolution. To the uninitiated, this does not seem logical. However, this is exactly how bull markets work. The momo crowd buys on good news and bad news. The U. S. is investing $2B in nine quantum computing companies. The companies receiving funds include International Business Machines (IBM), Global Foundries (GFS), Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Infleqtion (INFQ). Quantum computing stocks are jumping. Walmart (WMT) is the largest retailer. For this reason, Walmart earnings matter. Walmart earnings are below whisper numbers. Walmart beat revenues but is issuing soft guidance. Tax refunds helped, but the consumer is still getting hurt by higher gas prices. WMT is in the ZYX Buy Core Model Portfolio, long from an average of $19. 25. WMT stock is trading at $127. 13 as of this writing in the premarket, representing a gain of 560%. Initial jobless claims came at 209K vs. 210K consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Housing Starts Housing starts are staying strong in spite of rising rates. Housing starts came at 1. 465M vs. 1. 42M consensus. Building permits came at 1. 442M vs. 1. 38M consensus. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Tesla (TSLA). In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), and Meta (META). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** in stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7427 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, 6780. DJIA futures are down 139 points. Gold futures are at $4516, silver futures are at $75. 37, and oil futures are at $100. 75. SEMI MANIA RESUMES AHEAD OF NVIDIA EARNINGS ON SAMSUNG WOES AND TANKERS EXITING HORMUZ May 20, 2026 To gain an edge, this is what you need to know today. Samsung Strike Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows yesterday SOXL traded in the range of $135. 02 - $160. 54 and closed at $151. 89. In traditional technical analysis, the fact that the closing was so much higher than the low price is seen as a sign that the semiconductor rally is ready to resume again. No investor should rely solely on technical analysis as it no longer works as well as it used to. The chart shows this morning semiconductor stocks are rallying. Semiconductors are rallying for the following reasons: Samsung (SSNLF) is expected to face a strike starting tomorrow. Samsung is the largest memory chip maker in the world. This is especially helping the stocks of Micron (MU) and Sandisk (SNDK). Two fully loaded Chinese tankers and one Korean tanker have exited the Strait of Hormuz. This is giving rise to optimism that oil will start moving through the Strait of Hormuz soon. As a result, oil is pulling back. As oil pulls back, on the prospect of lower oil prices helping inflation, yields are pulling back and bonds are moving higher. Vice President Vance is talking up a deal with Iran. Iran is saying it will retaliate beyond the Middle East if the U. S. attacks again. However, as has been the case, the stock market reacts positively to any potentially good news related to Iran but ignores any potential negative news. This morning, there is optimism that Nvidia (NVDA) earnings will exceed whisper numbers. As is their pattern, the momo crowd is buying NVDA stock and semiconductor stocks ahead of Nvidia earnings. Earnings is a risk event, both to the upside and the downside. As previously shared with you, NVDA stock fell after earnings in three of the last four quarters. The momo crowd buys ahead of risk events because the momo crowd considers only potential rewards and ignores the risks. In contrast, smart money typically does not buy ahead of risk events because smart money looks at both risk and reward. SpaceX (SPCX) IPO paperwork is likely to become public this afternoon. This will likely add more excitement to investors and result in more buying of stocks. In important earnings, Target (TGT) earnings are better than whisper numbers. Target’s turnaround is in progress. Lowe’s (LOW) earnings are inline with whisper numbers. FOMC minutes will be released at 2pm ET. Philadelphia Fed President Paulson suggests an interest rate hike is on the table. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Europe Kocher of the European Central Bank (ECB) is saying that ECB may hike interest rates in June if the Iran war does not end. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Apple (AAPL), Alphabet (GOOG), and Meta (META). In the early trade, money flows are negative in Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 9. 1M barrels vs. a consensus of a draw of 3. 4M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7406 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are up 157 points. Gold futures are at $4499, silver futures are at $75. 78, and oil futures are at $101. 83. CHINA FEAR AND SEAGATE COMMENT STOP SEMI MANIA BUT NVIDIA CAN REIGNITE, TRUMP BUYS MORE TIME May 19, 2026 To gain an edge, this is what you need to know today. Semi Mania Takes A Breather Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows the largest red candle yesterday since the semi mania started that led to a 366% gain to the peak from March 30. The chart shows that in the early trade today semiconductors continue to sell off. RSI on the chart shows semiconductors have lost internal momentum, but RSI is at a point where the semi mania can easily reignite. The big red candle shown on the chart was triggered by the following: An ex-Samsung executive in South Korea said China was ramping up memory production. In The Arora Report analysis, memory is easier to make than advanced AI chips and production from China can potentially cause memory prices to collapse. Seagate (STX), a disk drive maker, said it would take too long to buy new machines and build new factories. In The Arora Report analysis, the Seagate statement implies Seagate does not see demand continuing at this rate beyond two to three years. As a member of The Arora Report, you have been ahead of the curve. We previously shared with you that in The Arora Report analysis the demand for semiconductors will slow in 2028. Markets typically look 6 - 12 months ahead and sometimes 18 months ahead. We also previously shared with you that a great short selling opportunity may be ahead. It is important to reemphasize short selling takes experience and practice. Just like an athlete practices before an event, if you are interested in the upcoming opportunity, you need to begin training now. The best way to train is to be a member of ZYX Short – consider initially not taking any signals, simply follow and learn. Nvidia (NVDA) will report earnings after the market close tomorrow. Nvidia can easily reignite the semi mania. On the other hand, if Nvidia disappoints, semiconductors can see a steep sell off. Even after the pullback, members of The Arora Report have very large gains on semiconductors. Examples include 6770% gain on semiconductor ETF (SMH), 3031% gain on memory maker Micron (MU), 2485% gain on semiconductor equipment maker Applied Materials (AMAT), and 1671% gain on NVDA. Other notable semiconductor positions with great gains are Texas Instruments (TXN), Analog Devices (ADI), NXP Semiconductors (NXPI), and Qualcomm (QCOM). There is merit to hedging and/or taking partial profits on semiconductor positions. Here is the key question: Is it better to hedge and/or take partial profits today or is it better to wait until after Nvidia earnings? The answer is to do some today and wait for Nvidia earnings to do more. In addition to Nvidia earnings, we will be paying careful attention to the following: Announcement of a massive buyback Nvidia positioning against Google (GOOG, GOOGL) TPU and other custom silicons Timing of Vera Rubin, the next generation AI chips Home Depot (HD) is the largest home improvement retailer. This is the reason Home Depot earnings matter. Home Depot reported earnings better than consensus but slightly less than whisper numbers. EPS came at $3. 43 vs. $3. 41 consensus. Revenue came at $41. 77B vs. $41. 51B consensus. The company sees FY26 revenue up 2. 5% - 4. 5% and EPS up 4% from $14. 69 vs. $15. 04 consensus. President Trump has bought more time to solve the thorny Iran problem by saying that on request from Middle East leaders he postponed a massive attack on Iran that was scheduled for today. Immediately after President Trump’s statement, stocks rallied, oil fell, and yields retreated. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Alphabet (GOOG) and Microsoft (MSFT). In the early trade, money flows are negative in Apple (AAPL), Amazon (AMZN), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is selling stocks in the early trade. Smart money is selling stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7402 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 73 points. Gold futures are at $4541, silver futures are at $76. 40, and oil futures are at $103. 51. SEMI AND OPTIONS MANIA COLLIDE WITH BOND ROUT AHEAD OF EARNINGS FROM NVIDIA, HOME DEPOT, AND WALMART May 18, 2026 To gain an edge, this is what you need to know today. Important Earnings Ahead Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is bouncing from the earlier loss. On Sunday evening, significant selling came into stock futures on rising oil prices and falling bonds. This morning, oil started falling and bonds started rising on unconfirmed reports from Iran that the U. S. is offering a temporary waiver on oil sanctions. As oil fell and bonds rebounded, significant buying came into stock futures. As of this writing, there is another unconfirmed report that Iran has agreed to a long term nuclear freeze and conditional transfer of uranium to Russia. This report is bringing in more buying, especially in semiconductor stocks. Investors should keep a close eye on statements from President Trump regarding Iran. The stock market believes that President Trump is trying hard to find a way to declare victory and extract the U. S. from the Iran war. The road block is that Iran is not agreeing to open the Strait of Hormuz unless the U. S. gives significant concessions. In The Arora Report analysis, the real issue stopping an agreement with Iran is that both President Trump and Iran want to declare victory but neither one wants the other to sound victorious. The bond market is now discounting a 52% probability of a rate hike in 2026. Only a week ago, prior to hot Producer Price Index and Consumer Price Index, the probability of a rate hike in 2026 was only 24%. Dual mania of extremely aggressive buying of semiconductors and call options by the momo crowd continues. In The Arora Report analysis, the dual mania will collide with important earnings ahead. Nvidia (NVDA) will report earnings on Wednesday after the close. NVDA stock has moved higher going into earnings. Whisper numbers are higher than the consensus. Stocks move based on the difference between whisper numbers and reported numbers. Whisper numbers are the numbers analysts share with their best clients and are different from the numbers the same analysts publish for public consumption. In three of the last four quarters, NVDA stock fell after earnings because earnings were above consensus but below whisper numbers. Important retail earnings are ahead from Lowe’s (LOW), Home Depot (HD), Walmart (WMT), and Target (TGT). Walmart earnings are most important as Walmart stock has done well, but it is very expensive, trading at 43 times forward PE. WMT is in the ZYX Buy Core Model Portfolio long from an average of $19. 25. WMT stock is trading at $131. 55 as of this writing in the premarket, representing a gain of 583%. LOW is also in the ZYX Buy Core Model Portfolio and is near the buy zone as of this writing in the premarket. Due to the K-shaped economy in which lower and middle income people are hurting, there is significant concern about retailers. In The Arora Report analysis, the last quarter was likely fine because tax payers received 18% more in refunds compared to the previous year due to the One Big Beautiful Bill Act. Historical data shows that most consumers spend their tax refunds. However projections for this quarter and the rest of the year are a real concern. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. China China is important because it is the world’s second largest economy. China’s economy is weakening. Retail sales for April were up 0. 2% year-over-year vs. 2. 0% consensus. Industrial output was up 4. 1% year-over-year vs. 5. 9% consensus. Japan Japan is important because in the carry trade funds have borrowed hundreds of billions of dollars in Japan and invested in the U. S. , primarily in the AI trade. Earlier today, the yield on 10 year Japanese Government Bonds rose to 2. 8%, the highest level in 29 years. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin Depot (BTM) is the largest operator of bitcoin (BTC. USD) ATMs in North America. Bitcoin Depot has filed for bankruptcy blaming regulations. Bitcoin is range bound. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7417 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 180 points. Gold futures are at $4552, silver futures are at $76. 85, and oil futures are at $101. 34. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SOXL, SPY By Nigam Arora To gain an edge, this is what you need to know today. Iran Optimism Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows semiconductors rallied yesterday on Iran peace hopes. The chart shows semiconductors are rallying again in the early trade on Iran peace hopes. The chart shows zone 1 (resistance). Today is Friday before a long weekend. Expect liquidity to be low. Low liquidity and the potential of an Iran deal over the weekend are precisely the conditions that can lead to a vicious short squeeze driving the stock market, especially semiconductors, higher than you would think. If a short squeeze carries SOXL above zone 1, technically oriented investors will jump in on the breakout. For the momo crowd, SOXL at $200 will become the magnet. Semiconductors are the leading sector. If semiconductors go higher, they will carry the entire stock market higher. Yesterday was full of conflicting reports on Iran. These reports ranged from a deal was reached to there is no progress on the two sticky issues of uranium and opening the Strait of Hormuz. This morning, there is an unconfirmed report that the Pakistani Army Chief is on his way to Iran. This report is bringing in significant buying in the stock market, selling in oil, and buying in bonds. For investors, all of the noise and conflicting reports regarding Iran can be difficult, especially since President Trump has been saying the deal was close for several weeks. The best way to cut through the noise is to follow the proprietary Arora Protection Band. Kevin Warsh will be sworn in as Fed Chair today. Warsh has a difficult job as President Trump expects him to cut interest rates. However, he cannot cut interest rates without support from the majority of FOMC members. As we have previously shared with you, a majority of FOMC members are open to a rate hike and certainly do not want to cut interest rates. In The Arora Report analysis, the present Fed policy is in favor of easing. Expect negotiations between Warsh and the rest of the FOMC. Expect the rest of the FOMC to push Warsh to change Fed policy to neutral as a first step. Leading economic index and University of Michigan Consumer Sentiment will be released at 10am ET and may be market moving. China is the clear winner from the Iran conflict. During President Trump’s visit to China he was pushed hard by China to stop $14B worth of arms sales to Taiwan. Acting Navy Secretary Hung Cao is saying the U. S. is pausing arms sales to Taiwan. The reason Cao is citing is to make sure the U. S. has enough ammunition for the Iran conflict. The U. S. Congress approved arms sales to Taiwan in January, but it requires President Trump’s signature. In The Arora Report analysis, the pause in arms sales will cause anxiety in Taiwan, and China will count it as a win. Chinese AI and semiconductor stocks have not moved up anywhere close to the U. S. AI and semiconductor stocks. For those who can handle the China risk, China is an opportunity. ZYX Emerging has continuously covered China for 19 years. The plan is to add a new ETF in the ZYX Emerging Model Portfolio that covers the semiconductor supply chain in China. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are neutral in Alphabet (GOOG) and Meta (META). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7498 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are up 390 points. Gold futures are at $4521, silver futures are at $76. 11, and oil futures are at $96. 44. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GFS, GOLD, IBM, INFQ, MARKETS, MU, NVDA, OIL, QBTS, QQQ, RGTI, SILVER, SNDK, SPY, SSNLF, STX, TBF, TBT, TBX, TLT, WDC, WMT By Nigam Arora To gain an edge, this is what you need to know today. Danger Zone For Stocks Please click here for a chart of 20+ year Treasury bond ETF (TLT). Note the following: The chart shows TLT has fallen into zone 4 (support). The chart shows the new danger zone for stocks. The FOMC minutes show widespread support for a rate hike. President Trump appointed Warsh as Fed Chair to lower interest rates, but Warsh cannot do it alone. He needs the support of the FOMC. Based on the current data, in The Arora Report analysis, there is a 60% probability of a rate hike in 2026. Of course, the probability will decrease if the Iran conflict is resolved quickly. What is happening in the bond market is a major reason, along with the upcoming midterm elections, for President Trump to resolve the Iran conflict quickly. President Trump is running into two conflicting redlines regarding Iran’s uranium. Iran’s Supreme Leader is reportedly saying that Iran’s enriched uranium must stay in Iran. He believes the removal of enriched uranium will increase the likelihood of another attack on Iran. This is not confirmed. In contrast, Israel’s redline is that enriched uranium must be removed from Iran. Israel believes if enriched uranium stays in Iran, Iran will pose an existential threat to Israel in the future. After great earnings from Nvidia (NVDA), the semiconductor mania was progressing in the early trade, but the buying has been stopped in its tracks by the alleged statement from Iran’s Supreme Leader. Iran’s Supreme Leader’s alleged statement is causing oil to rise and bonds to fall. As of this writing in the premarket, there are unconfirmed reports that the White House is claiming the report of Iran’s Supreme Leader’s statement is false. Samsung (SSNLF) workers are no longer going on strike. This is good news for memory supply as Samsung is the largest memory maker in the world. Good news for memory supply is bad news for memory and disk drive stocks such as Micron (MU), Sandisk (SNDK), Western Digital (WDC), and Seagate (STX). To counter, these companies are making a case for long term rising demand. Prudent investors should note that memory stocks rose on the potential of the Samsung strike and then rose again on the Samsung strike resolution. To the uninitiated, this does not seem logical. However, this is exactly how bull markets work. The momo crowd buys on good news and bad news. The U. S. is investing $2B in nine quantum computing companies. The companies receiving funds include International Business Machines (IBM), Global Foundries (GFS), Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Infleqtion (INFQ). Quantum computing stocks are jumping. Walmart (WMT) is the largest retailer. For this reason, Walmart earnings matter. Walmart earnings are below whisper numbers. Walmart beat revenues but is issuing soft guidance. Tax refunds helped, but the consumer is still getting hurt by higher gas prices. WMT is in the ZYX Buy Core Model Portfolio, long from an average of $19. 25. WMT stock is trading at $127. 13 as of this writing in the premarket, representing a gain of 560%. Initial jobless claims came at 209K vs. 210K consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Housing Starts Housing starts are staying strong in spite of rising rates. Housing starts came at 1. 465M vs. 1. 42M consensus. Building permits came at 1. 442M vs. 1. 38M consensus. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Tesla (TSLA). In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), and Meta (META). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) in stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7427 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, 6780. DJIA futures are down 139 points. Gold futures are at $4516, silver futures are at $75. 37, and oil futures are at $100. 75. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, LOW, MARKETS, MU, NVDA, OIL, QQQ, SILVER, SNDK, SOXL, SPCX, SPY, SSNLF, TGT By Nigam Arora To gain an edge, this is what you need to know today. Samsung Strike Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows yesterday SOXL traded in the range of $135. 02 - $160. 54 and closed at $151. 89. In traditional technical analysis, the fact that the closing was so much higher than the low price is seen as a sign that the semiconductor rally is ready to resume again. No investor should rely solely on technical analysis as it no longer works as well as it used to. The chart shows this morning semiconductor stocks are rallying. Semiconductors are rallying for the following reasons: Samsung (SSNLF) is expected to face a strike starting tomorrow. Samsung is the largest memory chip maker in the world. This is especially helping the stocks of Micron (MU) and Sandisk (SNDK). Two fully loaded Chinese tankers and one Korean tanker have exited the Strait of Hormuz. This is giving rise to optimism that oil will start moving through the Strait of Hormuz soon. As a result, oil is pulling back. As oil pulls back, on the prospect of lower oil prices helping inflation, yields are pulling back and bonds are moving higher. Vice President Vance is talking up a deal with Iran. Iran is saying it will retaliate beyond the Middle East if the U. S. attacks again. However, as has been the case, the stock market reacts positively to any potentially good news related to Iran but ignores any potential negative news. This morning, there is optimism that Nvidia (NVDA) earnings will exceed whisper numbers. As is their pattern, the momo crowd is buying NVDA stock and semiconductor stocks ahead of Nvidia earnings. Earnings is a risk event, both to the upside and the downside. As previously shared with you, NVDA stock fell after earnings in three of the last four quarters. The momo crowd buys ahead of risk events because the momo crowd considers only potential rewards and ignores the risks. In contrast, smart money typically does not buy ahead of risk events because smart money looks at both risk and reward. SpaceX (SPCX) IPO paperwork is likely to become public this afternoon. This will likely add more excitement to investors and result in more buying of stocks. In important earnings, Target (TGT) earnings are better than whisper numbers. Target’s turnaround is in progress. Lowe’s (LOW) earnings are inline with whisper numbers. FOMC minutes will be released at 2pm ET. Philadelphia Fed President Paulson suggests an interest rate hike is on the table. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Europe Kocher of the European Central Bank (ECB) is saying that ECB may hike interest rates in June if the Iran war does not end. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Apple (AAPL), Alphabet (GOOG), and Meta (META). In the early trade, money flows are negative in Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 9. 1M barrels vs. a consensus of a draw of 3. 4M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7406 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are up 157 points. Gold futures are at $4499, silver futures are at $75. 78, and oil futures are at $101. 83. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ADI, AMAT, BTCUSD, GOLD, GOOG, GOOGL, HD, MARKETS, MU, NVDA, NXPI, OIL, QCOM, QQQ, SILVER, SMH, SOXL, SPY, STX, TXN By Nigam Arora To gain an edge, this is what you need to know today. Semi Mania Takes A Breather Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows the largest red candle yesterday since the semi mania started that led to a 366% gain to the peak from March 30. The chart shows that in the early trade today semiconductors continue to sell off. RSI on the chart shows semiconductors have lost internal momentum, but RSI is at a point where the semi mania can easily reignite. The big red candle shown on the chart was triggered by the following: An ex-Samsung executive in South Korea said China was ramping up memory production. In The Arora Report analysis, memory is easier to make than advanced AI chips and production from China can potentially cause memory prices to collapse. Seagate (STX), a disk drive maker, said it would take too long to buy new machines and build new factories. In The Arora Report analysis, the Seagate statement implies Seagate does not see demand continuing at this rate beyond two to three years. As a member of The Arora Report, you have been ahead of the curve. We previously shared with you that in The Arora Report analysis the demand for semiconductors will slow in 2028. Markets typically look 6 - 12 months ahead and sometimes 18 months ahead. We also previously shared with you that a great short selling opportunity may be ahead. It is important to reemphasize short selling takes experience and practice. Just like an athlete practices before an event, if you are interested in the upcoming opportunity, you need to begin training now. The best way to train is to be a member of ZYX Short – consider initially not taking any signals, simply follow and learn. Nvidia (NVDA) will report earnings after the market close tomorrow. Nvidia can easily reignite the semi mania. On the other hand, if Nvidia disappoints, semiconductors can see a steep sell off. Even after the pullback, members of The Arora Report have very large gains on semiconductors. Examples include 6770% gain on semiconductor ETF (SMH), 3031% gain on memory maker Micron (MU), 2485% gain on semiconductor equipment maker Applied Materials (AMAT), and 1671% gain on NVDA. Other notable semiconductor positions with great gains are Texas Instruments (TXN), Analog Devices (ADI), NXP Semiconductors (NXPI), and Qualcomm (QCOM). There is merit to hedging and/or taking partial profits on semiconductor positions. Here is the key question: Is it better to hedge and/or take partial profits today or is it better to wait until after Nvidia earnings? The answer is to do some today and wait for Nvidia earnings to do more. In addition to Nvidia earnings, we will be paying careful attention to the following: Announcement of a massive buyback Nvidia positioning against Google (GOOG, GOOGL) TPU and other custom silicons Timing of Vera Rubin, the next generation AI chips Home Depot (HD) is the largest home improvement retailer. This is the reason Home Depot earnings matter. Home Depot reported earnings better than consensus but slightly less than whisper numbers. EPS came at $3. 43 vs. $3. 41 consensus. Revenue came at $41. 77B vs. $41. 51B consensus. The company sees FY26 revenue up 2. 5% - 4. 5% and EPS up 4% from $14. 69 vs. $15. 04 consensus. President Trump has bought more time to solve the thorny Iran problem by saying that on request from Middle East leaders he postponed a massive attack on Iran that was scheduled for today. Immediately after President Trump’s statement, stocks rallied, oil fell, and yields retreated. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Alphabet (GOOG) and Microsoft (MSFT). In the early trade, money flows are negative in Apple (AAPL), Amazon (AMZN), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** but can quickly turn based on news or rumors about Nvidia or Iran. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates and bonds are range bound. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7402 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 73 points. Gold futures are at $4541, silver futures are at $76. 40, and oil futures are at $103. 51. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, BTM, GOLD, HD, LOW, MARKETS, NVDA, OIL, QQQ, SILVER, SPX, SPY, TGT, WMT By Nigam Arora To gain an edge, this is what you need to know today. Important Earnings Ahead Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is bouncing from the earlier loss. On Sunday evening, significant selling came into stock futures on rising oil prices and falling bonds. This morning, oil started falling and bonds started rising on unconfirmed reports from Iran that the U. S. is offering a temporary waiver on oil sanctions. As oil fell and bonds rebounded, significant buying came into stock futures. As of this writing, there is another unconfirmed report that Iran has agreed to a long term nuclear freeze and conditional transfer of uranium to Russia. This report is bringing in more buying, especially in semiconductor stocks. Investors should keep a close eye on statements from President Trump regarding Iran. The stock market believes that President Trump is trying hard to find a way to declare victory and extract the U. S. from the Iran war. The road block is that Iran is not agreeing to open the Strait of Hormuz unless the U. S. gives significant concessions. In The Arora Report analysis, the real issue stopping an agreement with Iran is that both President Trump and Iran want to declare victory but neither one wants the other to sound victorious. The bond market is now discounting a 52% probability of a rate hike in 2026. Only a week ago, prior to hot Producer Price Index and Consumer Price Index, the probability of a rate hike in 2026 was only 24%. Dual mania of extremely aggressive buying of semiconductors and call options by the momo crowd continues. In The Arora Report analysis, the dual mania will collide with important earnings ahead. Nvidia (NVDA) will report earnings on Wednesday after the close. NVDA stock has moved higher going into earnings. Whisper numbers are higher than the consensus. Stocks move based on the difference between whisper numbers and reported numbers. Whisper numbers are the numbers analysts share with their best clients and are different from the numbers the same analysts publish for public consumption. In three of the last four quarters, NVDA stock fell after earnings because earnings were above consensus but below whisper numbers. Important retail earnings are ahead from Lowe’s (LOW), Home Depot (HD), Walmart (WMT), and Target (TGT). Walmart earnings are most important as Walmart stock has done well, but it is very expensive, trading at 43 times forward PE. WMT is in the ZYX Buy Core Model Portfolio long from an average of $19. 25. WMT stock is trading at $131. 55 as of this writing in the premarket, representing a gain of 583%. LOW is also in the ZYX Buy Core Model Portfolio and is near the buy zone as of this writing in the premarket. Due to the K-shaped economy in which lower and middle income people are hurting, there is significant concern about retailers. In The Arora Report analysis, the last quarter was likely fine because tax payers received 18% more in refunds compared to the previous year due to the One Big Beautiful Bill Act. Historical data shows that most consumers spend their tax refunds. However projections for this quarter and the rest of the year are a real concern. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. China China is important because it is the world’s second largest economy. China’s economy is weakening. Retail sales for April were up 0. 2% year-over-year vs. 2. 0% consensus. Industrial output was up 4. 1% year-over-year vs. 5. 9% consensus. Japan Japan is important because in the carry trade funds have borrowed hundreds of billions of dollars in Japan and invested in the U. S. , primarily in the AI trade. Earlier today, the yield on 10 year Japanese Government Bonds rose to 2. 8%, the highest level in 29 years. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin Depot (BTM) is the largest operator of bitcoin (BTC. USD) ATMs in North America. Bitcoin Depot has filed for bankruptcy blaming regulations. Bitcoin is range bound. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7417 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 180 points. Gold futures are at $4552, silver futures are at $76. 85, and oil futures are at $101. 34. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BA, BTCUSD, csco, DIA, DJIA, GDX, GLD, GOLD, MARKETS, MU, OIL, QQQ, SILVER, SLV, SOXL, SPX, SPY, SSNLF, TBF, TBT, USO By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' RISING OIL AND YIELDS GETTING IN THE WAY OF DUAL STOCK MARKET MANIAS May 15, 2026 To gain an edge, this is what you need to know today. Rising Oil And Yields Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market is pulling back in the early trade. RSI on the chart shows the stock market can go lower. The chart shows zone 1, which will act as support if there is a pullback. The chart shows the March 30 low occurred right at the low band of the zone 3 (support), which The Arora Report provided to members well in advance. The chart shows the Arora signal to raise cash and hedges. The chart also shows that various Arora signals related to the Iran war have been very accurate. As a member of The Arora Report, you have been ahead of the curve. We previously wrote that high oil and high yields are inconsistent with the stock market near highs. We have also previously shared with you that there are two manias driving the stock market higher. Semiconductor mania Call option mania In the early trade, rising oil and yields are getting in the way of the dual manias, in spite of continued momo crowd buying. Today is option expiration. Gamma has been positive – without this the stock market would have been down much more in the early trade. For those who want next level information, listen to the podcast in Arora Ambassador Club titled “MARKET MECHANICS: IMPACT OF DEALERS’ GAMMA POSITION CHANGE ON THE STOCK MARKET. ” This morning, oil is rising for two reasons: Statements at the end of President Trump’s visit to China are positive and are designed to feel good for both countries. In The Arora Report analysis, these statements fall short of the market’s expectations regarding Iran. In a BRICS summit in India, India tried hard to bridge the gap about Iran that would have helped to make Iranian oil flow again. The effort failed. Iran was in attendance. Rising oil is driving fears of inflation. This, in turn, is causing yields to go higher. As a heads up, if yields and oil continue to go higher, the adaptive ZYX Asset Allocation Model with inputs in ten categories will likely trigger another increase in the Arora Protection Band. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Microsoft (MSFT). In the early trade, money flows are negative in Meta (META), Alphabet (GOOG), Amazon (AMZN), Nvidia (NVDA), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** gold in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** oil in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7434 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 437 points. Gold futures are at $4553, silver futures are at $77. 82, and oil futures are at $99. 94. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. CISCO ADDS TO AI FEVER, OPTIMISM ABOUT TRUMP CHINA VISIT, 30 YEAR BOND OVER 5% May 14, 2026 To gain an edge, this is what you need to know today. AI Fever Fuel Please click here for a chart of Cisco stock (CSCO). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of CSCO stock is being used to illustrate the point. The chart shows the jump up in CSCO stock after earnings were reported yesterday after hours. RSI on the chart shows CSCO stock is overbought. Overbought stocks are susceptible to a pullback. Cisco earnings were slightly better than the consensus and inline with whisper numbers. The driver of the stock is expected orders from hyperscalers have increased from $5B to $9B. CSCO is long from an average of $35. 92 in ZYX Buy. It is trading at $117. 01 as of this writing in the premarket, representing a gain of 226%. Cisco was a darling of the dot com era. CSCO reached a high of $80. 06 on March 27, 2000 then it fell as low as $8. 12 on October 8, 2002. It took Cisco 25 years to exceed the dot com high in December 2025. In The Arora Report analysis, these numbers are instructive for investors. The probability is very high that some of today’s momo crowd darlings will eventually suffer the same fate CSCO stock did. Cisco survived, but most dot com era darlings did not. Expect the same for many of the momo crowd’s favorite stocks today. In addition to the semiconductor mania and AI fever, there is a lot of optimism about President Trump’s visit to China. The expectation is significant trade deals will be executed. Boeing stock (BA) is seeing significant buying in anticipation that China will buy Boeing planes. So far, it is clear that the most important issue for China is Taiwan. It is not clear as of this writing if President Trump will give any concessions on Taiwan. The 30 year Treasury auction was weak. To learn how to read Treasury auction results, listen to the podcast titled “TREASURY AUCTION DATA: IGNORE THE MOST POPULAR. ” Here are the details: $25B 30 year Treasury bond auction High yield: 5. 046% (When-Issued: 5. 041%) Bid-to-cover: 2. 30 Indirect bid: 66. 6% Direct bid: 21. 7% The 30 year Treasury yield is 5. 008% as of this writing. If it was not for semiconductor mania and AI fever, the stock market would have reacted poorly to the 30 year yield rising over 5%. Prudent investors closely watch retail sales data as the U. S. economy is 70% consumer based. Retail sales are strong. Here is the latest retail sales data. April headline retail sales came at 0. 5% vs. 0. 4% consensus. April retail sales ex-auto came at 0. 7% vs. 0. 4% consensus. Initially jobless claims came at 211K vs. 208K indicating a stable jobs picture. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN), Meta (META), and Apple (AAPL). In the early trade, money flows are negative in Alphabet (GOOG). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7494 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are up 430 points. Gold futures are at $4714, silver futures are at $87. 25, and oil futures are at $100. 34. HOT PPI – PROTECTION BAND CHANGE, PILING IN SEMIS ON NVIDIA’S HUANG JOINING TRUMP May 13, 2026 To gain an edge, this is what you need to know today. Protection Band Change Due to hot Producer Price Index (PPI) on the heels of hot Consumer Price Index (CPI), based on the adaptive ZYX Asset Allocation Model with inputs in ten categories, the Arora Protection Band is being changed. Cash is being increased by 2% and hedges are being increased by 3%. Please see the section “Arora Protection Band And What To Do Now” below. Hot Producer Price Index Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows that from the March 30 low, SOXL had gained 366% at its peak on Monday. The chart shows that yesterday there was a pullback in SOXL, but the pullback was aggressively bought. The chart shows an early move up in SOXL. The move was triggered by the news of Nvidia’s (NVDA) CEO Jensen Huang going to China. Initially, Huang was not going to China with President Trump. President Trump called to invite Huang when he learned from the media that Huang was not coming. Huang met Air Force One in Alaska where it was refueling. As soon as the news broke, investors started piling in stock futures and semiconductor stocks in overnight trading. In The Arora Report analysis, investors are believing that the inclusion of Huang in the trip to China indicates President Trump is inclined to approve the sale of more AI chips to China. Selling is coming into SOXL after release of PPI data. PPI came much hotter than expected. Here are the details: Headline PPI came at 1. 4% vs. 0. 4% consensus. Core PPI came at 1. 0% vs. 0. 3% consensus. The 10 year Treasury note auction was weak. Here are the details: $42B 10 year Treasury note auction High yield: 4. 468% (When-Issued: 4. 464%) Bid-to-cover: 2. 40 Indirect bid: 64. 0% Direct bid: 24. 1% Prudent investors should keep an eye on the $25B 30 year Treasury bond auction today. In The Arora Report analysis, the stock market at all time high is inconsistent with oil above $100, rising yields, and high inflation. Based on historic precedent, markets tend to resolve in favor of rising yields, i. e. the stock market falls. Historical precedent is not completely applicable now because AI is more influential than anything that has been seen before in terms of its impact on society and economies. In The Arora Report analysis, there is push-pull between AI and the macro. AI is driving the stock market higher, but the macro poses a significant risk to the down side. This push-pull is fully captured in the Arora Protection Band. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. India India is increasing duties on the import of gold and silver to conserve foreign reserves. India has been hit hard by rising oil prices as India is a big importer of oil. India is a big importer of gold and silver. Higher duties will reduce gold and silver demand. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are neutral in Alphabet (GOOG). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Meta (META), and Apple (AAPL). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** gold in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 2. 188M barrels vs. consensus of a draw of 1. 65M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7421 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 246 points. Gold futures are at $4687, silver futures are at $86. 85, and oil futures are at $102. 55. HOT INFLATION DATA – A KEY TEST AHEAD, TRUMP’S IRAN COMMENT CATCHES STOCK MARKET’S ATTENTION May 12, 2026 To gain an edge, this is what you need to know today. Treasury Auction Ahead Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows a shallow pullback in the early trade today. RSI on the chart shows the stock market is overbought, but the stock market has room to go higher. The chart shows that volume remains low. The reason for low volume continues to be aggressive option buying instead of stock buying. There are three new developments related to Iran that are impacting the stock market: After a series of positive statements regarding Iran over the last several days, President Trump is saying the ceasefire is on “life support. ” This statement from President Trump is catching the stock market’s attention. Iran is sending signals to China for President Trump's upcoming visit. The concern is that China may say they are willing to help with Iran if the U. S. agrees to not support Taiwan. Oil is rising. After ignoring the Iran situation for days, the stock market is finally paying attention in the early trade. This was bringing in selling prior to the Consumer Price Index (CPI) release, especially in overbought semiconductor stocks. CPI came inline. Here are the details: Headline CPI came at 0. 6% vs. 0. 6% consensus. Core CPI came at 0. 4% vs. 0. 4% consensus. In The Arora Report analysis when looking at inflation data below the surface, the reasons for higher inflation is more than higher gas prices. So far, the stock market is oblivious, but sometimes there is a delayed reaction. In the early trade, the momo crowd has been buying stocks on hot inflation data. The reason is the momo crowd believes that AI is so powerful that inflation does not matter. A key test is ahead with the $42B 10 year Treasury auction. If the auction is weak, smart money will pay attention, but the momo crowd will likely continue to be oblivious. Producer Price Index (PPI) will be released tomorrow at 8:30am ET. So far, 83% of companies that have reported this earnings season have beaten consensus. Earnings growth rate year-over-year for Q1 is 28. 6%. This is a very strong number, but prudent investors need to keep in mind that a vast majority of this high earnings growth is driven by only a small number of semiconductor and AI related companies. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Microsoft (MSFT). In the early trade, money flows are neutral in Apple (AAPL) and Alphabet (GOOG). In the early trade, money flows are negative in Amazon (AMZN), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7416 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are up 14 points. Gold futures are at $4704, silver futures are at $85. 23, and oil futures are at $101. 32. SEMI MANIA LEADER MICRON BENEFITS FROM SAMSUNG TROUBLE BUT MANIA HAMPERED BY RISING OIL May 11, 2026 To gain an edge, this is what you need to know today. Semi Mania Please click here for a chart of Micron stock (MU). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point. Micron is the leader of the semi mania. Micron is one of the three major manufacturers of high bandwidth memory. The demand for high bandwidth memory for AI data centers has exploded. The chart shows the steep move up in MU stock as the semi mania continues. The chart shows the magnet for MU stock. RSI on the chart shows MU stock is overbought. Overbought stocks are susceptible to a pullback. MU is in the ZYX Buy portfolio that surrounds the Core Model Portfolio. MU is long from an average of $21. 77. It is trading at $785. 78 as of this writing in the premarket, representing a 3509% gain. This morning, MU stock is taking another leg up on news that its competitor Samsung (SSNLF) is experiencing labor troubles. Samsung unions are threatening a walk out starting May 21. Samsung produces about 3% of global memory. For the time being, investors are oblivious to the following: There has been triple and quadruple ordering. There has been significant pull forward in demand from 2027 into 2026. The increase in memory demand is likely to slow in 2028. There are serious attempts to redesign models to use less memory. Expanded production capacity will start coming online. For those wanting next level information, a new podcast titled “DUAL MANIA IN FULL SWING — 1999 ANALOGUE” will be live shortly in Arora Ambassador Club. This morning, rising oil is hampering the double mania of semiconductors and reckless call option buying. The reason is that President Trump has said Iran’s latest proposal is “unacceptable. ” There is significant optimism ahead of President Trump’s visit to China. Inflation data is ahead. Consumer Price Index (CPI) will be released tomorrow at 8:30am ET. Producer Price Index (PPI) will be released Wednesday at 8:30am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and neutral in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** in stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7411 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 29 points. Gold futures are at $4701, silver futures are at $83. 52, and oil futures are at $97. 55. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Rising Oil And Yields Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market is pulling back in the early trade. RSI on the chart shows the stock market can go lower. The chart shows zone 1, which will act as support if there is a pullback. The chart shows the March 30 low occurred right at the low band of the zone 3 (support), which The Arora Report provided to members well in advance. The chart shows the Arora signal to raise cash and hedges. The chart also shows that various Arora signals related to the Iran war have been very accurate. As a member of The Arora Report, you have been ahead of the curve. We previously wrote that high oil and high yields are inconsistent with the stock market near highs. We have also previously shared with you that there are two manias driving the stock market higher. Semiconductor mania Call option mania In the early trade, rising oil and yields are getting in the way of the dual manias, in spite of continued momo crowd buying. Today is option expiration. Gamma has been positive – without this the stock market would have been down much more in the early trade. For those who want next level information, listen to the podcast in Arora Ambassador Club titled “MARKET MECHANICS: IMPACT OF DEALERS’ GAMMA POSITION CHANGE ON THE STOCK MARKET. ” This morning, oil is rising for two reasons: Statements at the end of President Trump’s visit to China are positive and are designed to feel good for both countries. In The Arora Report analysis, these statements fall short of the market’s expectations regarding Iran. In a BRICS summit in India, India tried hard to bridge the gap about Iran that would have helped to make Iranian oil flow again. The effort failed. Iran was in attendance. Rising oil is driving fears of inflation. This, in turn, is causing yields to go higher. As a heads up, if yields and oil continue to go higher, the adaptive ZYX Asset Allocation Model with inputs in ten categories will likely trigger another increase in the Arora Protection Band. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Microsoft (MSFT). In the early trade, money flows are negative in Meta (META), Alphabet (GOOG), Amazon (AMZN), Nvidia (NVDA), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** gold in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** oil in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7434 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 437 points. Gold futures are at $4553, silver futures are at $77. 82, and oil futures are at $99. 94. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: MU, NVDA, QQQ, SMH, SOXL, SPY By Nigam Arora Dual manias are driving the stock market. Aggressive momentum buying in semiconductor stocks and speculative call option activity are creating conditions that disciplined investors need to understand before momentum breaks. In a recent interview on Schwab Network, Nigam Arora joined Marley Kayden to explain why today’s market behavior resembles a classic mania but not necessarily a traditional bubble. This distinction matters because investors who fail to understand the difference often position incorrectly at the most dangerous points in the cycle. Nigam explained that manias are driven by psychology, momentum, and aggressive speculative behavior. Bubbles, on the other hand, occur when valuations become completely detached from underlying reality. While portions of the AI trade still have legitimate long term potential, trading behavior in many areas is beginning to resemble historical mania periods. Nigam pointed specifically to semiconductor stocks, where momentum buying and excitement surrounding artificial intelligence have created highly crowded positioning. He noted that semiconductor trading patterns increasingly resemble prior mania cycles, with investors aggressively chasing upside while underestimating volatility risk. Nigam also discussed the explosion in speculative options activity, especially aggressive call buying and 0DTE options trading. These flows can amplify short term market moves, fuel sharp squeezes, and create unstable trading conditions beneath the surface of headline index strength. Importantly, Nigam explained that professional investors approach these environments differently than retail traders. Instead of emotionally chasing momentum, professionals focus on risk-adjusted returns, position sizing, hedging, flexibility, and disciplined timing. Nigam noted that while momentum can continue longer than many expect, opportunities often emerge for disciplined short sellers once manias begin losing steam. Watch the interview for Nigam Arora’s insights on semiconductor momentum, options speculation, AI driven market behavior, risk management, and how disciplined investors navigate mania driven markets. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SOXL, SPY By Nigam Arora To gain an edge, this is what you need to know today. Protection Band Change Due to hot Producer Price Index (PPI) on the heels of hot Consumer Price Index (CPI), based on the adaptive ZYX Asset Allocation Model with inputs in ten categories, the Arora Protection Band is being changed. Cash is being increased by *** and hedges are being increased by ***. Please see the section “Arora Protection Band And What To Do Now” below. Hot Producer Price Index Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows that from the March 30 low, SOXL had gained 366% at its peak on Monday. The chart shows that yesterday there was a pullback in SOXL, but the pullback was aggressively bought. The chart shows an early move up in SOXL. The move was triggered by the news of Nvidia’s (NVDA) CEO Jensen Huang going to China. Initially, Huang was not going to China with President Trump. President Trump called to invite Huang when he learned from the media that Huang was not coming. Huang met Air Force One in Alaska where it was refueling. As soon as the news broke, investors started piling in stock futures and semiconductor stocks in overnight trading. In The Arora Report analysis, investors are believing that the inclusion of Huang in the trip to China indicates President Trump is inclined to approve the sale of more AI chips to China. Selling is coming into SOXL after release of PPI data. PPI came much hotter than expected. Here are the details: Headline PPI came at 1. 4% vs. 0. 4% consensus. Core PPI came at 1. 0% vs. 0. 3% consensus. The 10 year Treasury note auction was weak. Here are the details: $42B 10 year Treasury note auction High yield: 4. 468% (When-Issued: 4. 464%) Bid-to-cover: 2. 40 Indirect bid: 64. 0% Direct bid: 24. 1% Prudent investors should keep an eye on the $25B 30 year Treasury bond auction today. In The Arora Report analysis, the stock market at all time high is inconsistent with oil above $100, rising yields, and high inflation. Based on historic precedent, markets tend to resolve in favor of rising yields, i. e. the stock market falls. Historical precedent is not completely applicable now because AI is more influential than anything that has been seen before in terms of its impact on society and economies. In The Arora Report analysis, there is push-pull between AI and the macro. AI is driving the stock market higher, but the macro poses a significant risk to the down side. This push-pull is fully captured in the Arora Protection Band. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. India India is increasing duties on the import of gold and silver to conserve foreign reserves. India has been hit hard by rising oil prices as India is a big importer of oil. India is a big importer of gold and silver. Higher duties will reduce gold and silver demand. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Nvidia (NVDA) and Tesla (TSLA). In the early trade, money flows are neutral in Alphabet (GOOG). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Meta (META), and Apple (AAPL). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** gold in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 2. 188M barrels vs. consensus of a draw of 1. 65M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7421 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 246 points. Gold futures are at $4687, silver futures are at $86. 85, and oil futures are at $102. 55. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Treasury Auction Ahead Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows a shallow pullback in the early trade today. RSI on the chart shows the stock market is overbought, but the stock market has room to go higher. The chart shows that volume remains low. The reason for low volume continues to be aggressive option buying instead of stock buying. There are three new developments related to Iran that are impacting the stock market: After a series of positive statements regarding Iran over the last several days, President Trump is saying the ceasefire is on “life support. ” This statement from President Trump is catching the stock market’s attention. Iran is sending signals to China for President Trump's upcoming visit. The concern is that China may say they are willing to help with Iran if the U. S. agrees to not support Taiwan. Oil is rising. After ignoring the Iran situation for days, the stock market is finally paying attention in the early trade. This was bringing in selling prior to the Consumer Price Index (CPI) release, especially in overbought semiconductor stocks. CPI came inline. Here are the details: Headline CPI came at 0. 6% vs. 0. 6% consensus. Core CPI came at 0. 4% vs. 0. 4% consensus. In The Arora Report analysis when looking at inflation data below the surface, the reasons for higher inflation is more than higher gas prices. So far, the stock market is oblivious, but sometimes there is a delayed reaction. In the early trade, the momo crowd has been buying stocks on hot inflation data. The reason is the momo crowd believes that AI is so powerful that inflation does not matter. A key test is ahead with the $42B 10 year Treasury auction. If the auction is weak, smart money will pay attention, but the momo crowd will likely continue to be oblivious. Producer Price Index (PPI) will be released tomorrow at 8:30am ET. So far, 83% of companies that have reported this earnings season have beaten consensus. Earnings growth rate year-over-year for Q1 is 28. 6%. This is a very strong number, but prudent investors need to keep in mind that a vast majority of this high earnings growth is driven by only a small number of semiconductor and AI related companies. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Microsoft (MSFT). In the early trade, money flows are neutral in Apple (AAPL) and Alphabet (GOOG). In the early trade, money flows are negative in Amazon (AMZN), Meta (META), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7416 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are up 14 points. Gold futures are at $4704, silver futures are at $85. 23, and oil futures are at $101. 32. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, MU, OIL, QQQ, SILVER, SPY, SSNLF By Nigam Arora To gain an edge, this is what you need to know today. Semi Mania Please click here for a chart of Micron stock (MU). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of MU stock is being used to illustrate the point. Micron is the leader of the semi mania. Micron is one of the three major manufacturers of high bandwidth memory. The demand for high bandwidth memory for AI data centers has exploded. The chart shows the steep move up in MU stock as the semi mania continues. The chart shows the magnet for MU stock. RSI on the chart shows MU stock is overbought. Overbought stocks are susceptible to a pullback. MU is in the ZYX Buy portfolio that surrounds the Core Model Portfolio. MU is long from an average of $21. 77. It is trading at $785. 78 as of this writing in the premarket, representing a 3509% gain. This morning, MU stock is taking another leg up on news that its competitor Samsung (SSNLF) is experiencing labor troubles. Samsung unions are threatening a walk out starting May 21. Samsung produces about 3% of global memory. For the time being, investors are oblivious to the following: There has been triple and quadruple ordering. There has been significant pull forward in demand from 2027 into 2026. The increase in memory demand is likely to slow in 2028. There are serious attempts to redesign models to use less memory. Expanded production capacity will start coming online. For those wanting next level information, a new podcast titled “DUAL MANIA IN FULL SWING — 1999 ANALOGUE” will be live shortly in Arora Ambassador Club. This morning, rising oil is hampering the double mania of semiconductors and reckless call option buying. The reason is that President Trump has said Iran’s latest proposal is “unacceptable. ” There is significant optimism ahead of President Trump’s visit to China. Inflation data is ahead. Consumer Price Index (CPI) will be released tomorrow at 8:30am ET. Producer Price Index (PPI) will be released Wednesday at 8:30am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and neutral in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) in stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7411 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are down 29 points. Gold futures are at $4701, silver futures are at $83. 52, and oil futures are at $97. 55. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, AMD, AMZN, ARM, BTCUSD, CRWV, DIA, DIS, DJIA, FDX, GDX, GLD, GOLD, INTC, MARKETS, MMM, MU, NVDA, NVO, OIL, PG, PLTR, QQQ, SILVER, SLV, SMH, SNDK, SOXL, SPX, SPY, STX, TBF, TBT, TBX, TLT, TSM, UBER, UPS, USO, WDC By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' DOUBLE MANIA DRIVES STOCK MARKET, BOMBING IS A ‘LOVE TAP,’ STRONG JOBS REPORT RAISES SPECTER OF RATE HIKE May 8, 2026 To gain an edge, this is what you need to know today. Strong Jobs Report Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that as of this writing the stock market is going higher after the jobs report. RSI on the chart shows there is room for the stock market to go higher. The chart shows volume continues to be low. As we have previously shared with you, the reason for low volume is the momo crowd buying options, not stocks. Two manias occurring simultaneously are driving the stock market. The first is the semiconductor mania. The momo crowd believes semiconductor demand will continue forever. The momo crowd is buying semiconductors based on the demand today and not thinking about demand tapering off in 2028. The data just released from Taiwan Semiconductor (TSM), the largest manufacturer of advanced AI semiconductors for Nvidia (NVDA) and Advanced Micro Devices (AMD), saw April revenue down 1. 1% from March. The data shows TSM’s growth rate is slowing. As you would expect in any mania, the momo crowd is oblivious. The second mania is reckless call buying. Call buying is hitting a record. When the stock market starts moving up even slightly, market makers who sold the calls to the momo crowd are forced to buy stocks to hedge. In The Arora Report analysis, manias always go much farther than any rational investor would think. Historically, most money is made in the late stages of a mania. In the end, all manias unwind, hurting a vast majority of investors. At this time, it is extremely important to have access to a reliable, objective source of analysis with a long proven track record. Yesterday, the U. S. bombed Iran as a retaliatory strike after U. S. Navy ships came under fire from Iran. President Trump called it a “love tap. ” President Trump said the ceasefire was still in effect. In The Arora Report analysis, the stock market take from the incident is to ignore any negative development in Iran. After the love tap, Iran launched a missile and drone attack on the U. A. E. Instead of selling, the news brought in buying in stock futures. Prudent investors need to know the change in the pattern. Before yesterday, a skirmish in the Middle East would cause an immediate, brief dip in the stock market. Now, a skirmish in the Middle East brings buying into the stock market. The jobs report is known as the mother of all reports due to its importance. Here are the details: Non-farm payrolls came at 115K vs. 67K consensus. Non-farm private payrolls came at 123K vs. 60K consensus. Unemployment rate came at 4. 3% vs. 4. 3% consensus. Average work week came at 34. 3 vs. 34. 2 consensus. Average hourly earnings came at 0. 2% vs. 0. 3% consensus. In The Arora Report analysis, this jobs report is strong. This data, along with other data, shows that monetary conditions are too easy. If the data continues to stay strong, it raises the specter of an interest rate hike. Of course, this is going to put incoming Fed Chair Warsh in a difficult position – President Trump expects him to cut rates, but there is a high probability that the data may argue for a rate hike. Normally, this jobs report would have caused a stock market sell off because the stock market wants rate cuts and this jobs report is in favor of a rate hike. These are not normal times – the stock market is in the middle of a double mania. Today, buying came in after the strong jobs report. Prudent investors should note the pattern – all news, good or bad, brings in buying. This is the result of extreme positive sentiment. University of Michigan consumer sentiment will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), and Tesla (TSLA), Apple (AAPL). In the early trade, money flows are neutral in Alphabet (GOOG) and Meta (META). In the early trade, money flows are negative in Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) in stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7409 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are up 212 points. Gold futures are at $4739, silver futures are at $81. 79, and oil futures are at $94. 90. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. WALL STREET CHASES IRAN DEAL PUMP INTO JOBS REPORT, CHINA PUMP AHEAD May 7, 2026 To gain an edge, this is what you need to know today. Stock Market Pumps Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market continues to rise. The chart shows volume continues to be low. The reason is the stock market rally is primarily driven by the momo crowd. This time, the momo crowd is not buying stocks; they are aggressively buying call options. RSI on the chart says the stock market has room to go higher. Wall Street continues to pump an Iran deal to run up stocks. Prudent investors should note that it is the umpteenth time the stock market has been bought on an Iran deal. This is nothing new. In bull markets, stocks are bought on the same news day after day. The official jobs report, also known as the mother of all reports, is ahead and will be released tomorrow at 8:30am ET. As is the momo crowd’s pattern, the momo crowd is buying stocks ahead of the jobs report. The jobs report presents both upside and downside potential for the stock market. This is why prudent investors typically do not buy ahead of a jobs report. In contrast, since the momo crowd does not take risk into account, they buy because they see only upside potential. After the jobs report, China pump is ahead. President Trump is going to China next week. Next week, Wall Street will likely pump a China deal in addition to an Iran deal on top of the narrative that semiconductors are going to the moon. Sentiment is extremely positive. Extreme positive sentiment is a contrary signal, i. e. a sell signal. It is worth a reminder that sentiment is not a precise timing indicator. Sentiment can stay extremely positive for a long time. In The Arora Report analysis, for prudent investors, here are the guidelines: Aggressively buy strategic positions when sentiment is extremely negative. Be very careful in starting new strategic positions when sentiment is extremely positive. Use periods of extreme positive sentiment to slowly take partial profits. Tactical positions can be started during extremely positive sentiment periods because tactical positions have controlled risk with close stops. Oil is pulling back on the prospect of an Iran deal. The pullback in oil is causing yields to fall and bonds to rise. This is giving investors another reason to buy stocks. Initial jobless claims came at 200K vs. 205K consensus. The stock market likes this number because unlike the prior week, jobless claims did not fall to an inordinately low number. The number last week was the lowest since 1969. Among after hour earnings today, data center company CoreWeave (CRWV) is important. Details of CoreWeave earnings will give insights into the apparently insatiable demand for compute. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7400 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 121 points. Gold futures are at $4758, silver futures are at $82. 00, and oil futures are at $90. 27. SEMI MANIA REACHES 2000 CRASH LEVEL, U. S. IRAN PROPOSAL DRIVES STOCKS AND BONDS HIGHER AND OIL LOWER May 6, 2026 To gain an edge, this is what you need to know today. Semiconductor Mania Grows Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows a 312% gain as of this writing in the premarket in leveraged semiconductor ETF SOXL since the March 30 low. The gap up shown this morning on the chart is driven by Advanced Micro Devices (AMD) earnings. AMD earnings were below whisper numbers. Initially, AMD stock dropped after the earnings release, but the dip was aggressively bought as semiconductor mania is in full swing – any semiconductor company that has any news, even bad news, is seeing aggressive buying. AMD’s conference call was extraordinarily bullish. It is no longer only GPUs for AI. CPU demand is seeing an extraordinary rise. Pay attention to this statement from AMD’s CEO Lisa Su, “We now expect the server CPU TAM to grow at greater than 35% annually, reaching over $120 billion by 2030. " The statement from Su is also driving Intel (INTC) and Arm (ARM) stocks higher. AMD stock is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. AMD is long from an average of $205. 52. It is trading at $416. 96 as of this writing in the premarket, representing a gain of 103%. Memory and disk drive stocks Micron (MU), Sandisk (SNDK), Western Digital (WDC), and Seagate Technology (STX) are seeing extremely aggressive buying. MU stock is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. MU is long from an average of $21. 77. It is trading at $670. 47 as of this writing in the premarket, representing a gain of 2980%. Semiconductor mania is now in full swing and has reached pre-2000 crash level by several measures, including fundamental, technical, and quantitative. The semiconductor index now has a PE of 37. Does this mean semiconductors are going to crash again? In The Arora Report analysis, a major pullback can happen anytime, but the probability of a 2000-style major crash is low due to AI demand. The Arora Report portfolios are very heavy in semiconductors. Semiconductor ETF SMH in the ZYX Allocation Model Portfolio has a gain of 6699% as of this writing in the premarket. The plan is to start trade around positions on any major dip in semiconductors. Trade around positions are a billionaire and hedge fund technique used to dramatically increase returns and reduce risk. Please see Trade Management Guidelines for more. RSI on the chart shows semiconductors are overbought but have more room to run. As a member of The Arora Report, you were already ahead of the curve. Starting in 2022, The Arora Report high conviction call has been a fortune is to be made in AI all the way to 2030. Now, you need to get ahead in semiconductors – the mistake investors are making is assuming that the present level of demand is going to continue for a very long time. In The Arora Report analysis, the demand will start tapering off in 2028. Sometime before then, it will be important to take more profits and hedge long semiconductor positions. There will be an extraordinary opportunity to make a fortune by short selling semiconductors. Just like an athlete trains ahead of a big event, investors need to consider developing significant short selling expertise ahead of the upcoming major opportunity. In short selling, it takes time to learn, and once you learn, you need to stay in practice. The best way to learn is to read the signals in ZYX Short. If you are not experienced in short selling and are just starting a ZYX Short membership, consider not trading any signals for a long time but use the signals to learn. The U. S. is advancing a proposal for a one page memorandum of understanding with Iran that will open the Strait of Hormuz. This proposal is generating significant optimism. As a result, there is aggressive buying in stocks and bonds and aggressive selling in oil. Aggressive buying in bonds is bringing yields lower. Yesterday, we shared with you the chart of 20+ year Treasury Bond ETF (TLT), showing long bonds were in the danger zone. The U. S. proposal is causing a rally in TLT. The U. S. Treasury is offering $125B of Treasury securities to refund $83. 3B of privately held Treasury notes maturing on May 15. In The Arora Report analysis, this offering is inline with expectations and should not have any impact on the markets even though $125B is a large amount ADP is the largest private payroll processor in the country. ADP uses its data to provide a glimpse of the official jobs report that will be released on Friday at 8:30am ET. The just released ADP data came stronger than expected. ADP Employment Change came at 109K vs. 79K consensus. In important earnings, Disney (DIS), Uber (UBER), and Novo Nordisk (NVO) are reporting earnings better than whisper numbers. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Meta (META). In the early trade, money flows are negative in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 8. 1M barrels vs. consensus of a draw of 2. 8M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7342 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 441 points. Gold futures are at $4695, silver futures are at $77. 09, and oil futures are at $94. 41. BONDS IN DANGER ZONE BUT OBLIVIOUS MOMO CROWD BUYING ON IRAN CEASEFIRE HOLDING AFTER SKIRMISHES May 5, 2026 To gain an edge, this is what you need to know today. Bonds In Danger Zone Please click here for a chart of 20+ year Treasury bond ETF (TLT). Note the following: The chart shows that not only is TLT in the danger zone but TLT is hitting the low band of the danger zone. The yield on 30 year U. S. Treasuries has reached over 5%. So far, the momo crowd is obvious to long bond yields rising above 5% and is aggressively buying stocks. RSI on the chart shows TLT is very oversold. This means there is a reasonable probability of a bounce in TLT. If such a bounce occurs, all will likely be temporarily well with the stock market. If TLT breaks below the danger zone, the stock market will take notice and there will be a high probability of smart money selling overcoming momo crowd buying. President Trump is reluctant to restart the war in Iran and is deciding to overlook Iran’s ceasefire violations. General Daniel Caine says Iran attacked commercial vessels nine times and U. S. forces ten times. The momo crowd is celebrating by buying stocks on the U. S. choosing to ignore Iran’s ceasefire violations and not escalate. ISM Non-Manufacturing Index and JOLTS job openings will be released today at 10am and may be market moving. In important news, Apple (AAPL) is considering using Intel’s (INTC) foundry for chips. INTC is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. INTC is long from an average of $19. 05. INTC is trading at $99. 51 as of this writing in the premarket, representing a 422% gain. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7261 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 171 points. Gold futures are at $4574, silver futures are at $73. 88, and oil futures are at $103. 27. NEW IRAN DEVELOPMENTS TEMPER MOMO DRIVEN STOCK MARKET RALLY May 4, 2026 To gain an edge, this is what you need to know today. Tempered Rally Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the rally attempted in the early trade today was tempered. The chart shows the volume continues to be low. In The Arora Report analysis, one reason for the low volume is that investors do not have conviction in this rally. Instead of buying stocks, they are aggressively buying call options. As investors aggressively buy call options, dealers who are selling the calls buy stocks to hedge. Early this morning, the momo crowd was very aggressively buying stocks, especially semiconductor stocks such as Intel (INTC), Advanced Micro Devices (AMD), Sandisk (SNDK), and Micron (MU), but then the news hit that Iran had struck a U. S. warship. Stocks fell and oil rose on the news The U. S. denied the news; stocks rose again, and oil fell. As of this writing, selling is again coming into the stock market on a report of the U. A. E. issuing a missile threat. The U. S. is saying it will guide neutral ships that are stuck in the Strait of Hormuz. This guidance is supposed to be electronic. Iran, in turn, is warning the U. S. to stay out of the Strait of Hormuz. In an important development, China is ordering its companies to not obey U. S. sanctions. Sanctions have been a major tool of U. S. foreign policy. China is taking this and other confrontational steps ahead of the Trump Xi meeting. History shows that after the summit, the steps are often taken back, allowing both sides to declare victory. Meme stock GameStop (GME) is making a buyout offer for eBay (EBAY). eBay is four times the size of GameStop. Stock market bears see this as a potential sign of a stock market top. Bulls are encouraged by very strong earnings so far this earnings season. However, prudent investors should note these strong earnings are concentrated in AI stocks. Among important earnings, AI software Palantir (PLTR) reports after hours today. Palantir carries the burden of proving that it should not be grouped with other software stocks and the selloff in PLTR stock is unjustified. PLTR is in the ZYX Buy Core Model Portfolio, long from an average of $20. 15. PLTR is trading at $147. 35 as of this writing in the premarket, representing a gain of 631%. There is also a trade around position in PLTR. Trade around positions are a technique used by billionaires and hedge funds to dramatically increase returns and reduce risk. Amazon (AMZN) is opening its logistics services to outside businesses. This is bringing in selling in United Parcel Service (UPS) and FedEx (FDX). Companies such as Procter & Gamble (PG) and 3M (MMM) are already using Amazon logistics services. The mother of all numbers, the jobs report, will be released on Friday at 8:30am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN) and Nvidia (NVDA). In the early trade, money flows are neutral in Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) briefly spiked above $80K before pulling back. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7250 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are down 166 points. Gold futures are at $4576, silver futures are at $74. 21, and oil futures are at $103. 62. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMD, BTCUSD, GOLD, MARKETS, NVDA, OIL, QQQ, SILVER, SPX, SPY, TSM By Nigam Arora To gain an edge, this is what you need to know today. Strong Jobs Report Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that as of this writing the stock market is going higher after the jobs report. RSI on the chart shows there is room for the stock market to go higher. The chart shows volume continues to be low. As we have previously shared with you, the reason for low volume is the momo crowd buying options, not stocks. Two manias occurring simultaneously are driving the stock market. The first is the semiconductor mania. The momo crowd believes semiconductor demand will continue forever. The momo crowd is buying semiconductors based on the demand today and not thinking about demand tapering off in 2028. The data just released from Taiwan Semiconductor (TSM), the largest manufacturer of advanced AI semiconductors for Nvidia (NVDA) and Advanced Micro Devices (AMD), saw April revenue down 1. 1% from March. The data shows TSM’s growth rate is slowing. As you would expect in any mania, the momo crowd is oblivious. The second mania is reckless call buying. Call buying is hitting a record. When the stock market starts moving up even slightly, market makers who sold the calls to the momo crowd are forced to buy stocks to hedge. In The Arora Report analysis, manias always go much farther than any rational investor would think. Historically, most money is made in the late stages of a mania. In the end, all manias unwind, hurting a vast majority of investors. At this time, it is extremely important to have access to a reliable, objective source of analysis with a long proven track record. Yesterday, the U. S. bombed Iran as a retaliatory strike after U. S. Navy ships came under fire from Iran. President Trump called it a “love tap. ” President Trump said the ceasefire was still in effect. In The Arora Report analysis, the stock market take from the incident is to ignore any negative development in Iran. After the love tap, Iran launched a missile and drone attack on the U. A. E. Instead of selling, the news brought in buying in stock futures. Prudent investors need to know the change in the pattern. Before yesterday, a skirmish in the Middle East would cause an immediate, brief dip in the stock market. Now, a skirmish in the Middle East brings buying into the stock market. The jobs report is known as the mother of all reports due to its importance. Here are the details: Non-farm payrolls came at 115K vs. 67K consensus. Non-farm private payrolls came at 123K vs. 60K consensus. Unemployment rate came at 4. 3% vs. 4. 3% consensus. Average work week came at 34. 3 vs. 34. 2 consensus. Average hourly earnings came at 0. 2% vs. 0. 3% consensus. In The Arora Report analysis, this jobs report is strong. This data, along with other data, shows that monetary conditions are too easy. If the data continues to stay strong, it raises the specter of an interest rate hike. Of course, this is going to put incoming Fed Chair Warsh in a difficult position – President Trump expects him to cut rates, but there is a high probability that the data may argue for a rate hike. Normally, this jobs report would have caused a stock market sell off because the stock market wants rate cuts and this jobs report is in favor of a rate hike. These are not normal times – the stock market is in the middle of a double mania. Today, buying came in after the strong jobs report. Prudent investors should note the pattern – all news, good or bad, brings in buying. This is the result of extreme positive sentiment. University of Michigan consumer sentiment will be released at 10am ET and may be market moving. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are neutral in Alphabet (GOOG) and Meta (META). In the early trade, money flows are negative in Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) in stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7409 as of this writing. S&P 500 futures resistance levels are 7500, 7700, and 7900 : support levels are 7200, 7000, and 6780. DJIA futures are up 212 points. Gold futures are at $4739, silver futures are at $81. 79, and oil futures are at $94. 90. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, CRWV, GOLD, MARKETS, OIL, QQQ, SILVER, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Stock Market Pumps Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market continues to rise. The chart shows volume continues to be low. The reason is the stock market rally is primarily driven by the momo crowd. This time, the momo crowd is not buying stocks; they are aggressively buying call options. RSI on the chart says the stock market has room to go higher. Wall Street continues to pump an Iran deal to run up stocks. Prudent investors should note that it is the umpteenth time the stock market has been bought on an Iran deal. This is nothing new. In bull markets, stocks are bought on the same news day after day. The official jobs report, also known as the mother of all reports, is ahead and will be released tomorrow at 8:30am ET. As is the momo crowd’s pattern, the momo crowd is buying stocks ahead of the jobs report. The jobs report presents both upside and downside potential for the stock market. This is why prudent investors typically do not buy ahead of a jobs report. In contrast, since the momo crowd does not take risk into account, they buy because they see only upside potential. After the jobs report, China pump is ahead. President Trump is going to China next week. Next week, Wall Street will likely pump a China deal in addition to an Iran deal on top of the narrative that semiconductors are going to the moon. Sentiment is extremely positive. Extreme positive sentiment is a contrary signal, i. e. a sell signal. It is worth a reminder that sentiment is not a precise timing indicator. Sentiment can stay extremely positive for a long time. In The Arora Report analysis, for prudent investors, here are the guidelines: Aggressively buy strategic positions when sentiment is extremely negative. Be very careful in starting new strategic positions when sentiment is extremely positive. Use periods of extreme positive sentiment to slowly take partial profits. Tactical positions can be started during extremely positive sentiment periods because tactical positions have controlled risk with close stops. Oil is pulling back on the prospect of an Iran deal. The pullback in oil is causing yields to fall and bonds to rise. This is giving investors another reason to buy stocks. Initial jobless claims came at 200K vs. 205K consensus. The stock market likes this number because unlike the prior week, jobless claims did not fall to an inordinately low number. The number last week was the lowest since 1969. Among after hour earnings today, data center company CoreWeave (CRWV) is important. Details of CoreWeave earnings will give insights into the apparently insatiable demand for compute. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is inactive in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7400 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 121 points. Gold futures are at $4758, silver futures are at $82. 00, and oil futures are at $90. 27. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMD, ARM, BTCUSD, DIS, GOLD, INTC, MARKETS, MU, NVO, OIL, QQQ, SILVER, SMH, SNDK, SOXL, SPY, STX, TBF, TBT, TBX, TLT, UBER, WDC By Nigam Arora To gain an edge, this is what you need to know today. Semiconductor Mania Grows Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows a 312% gain as of this writing in the premarket in leveraged semiconductor ETF SOXL since the March 30 low. The gap up shown this morning on the chart is driven by Advanced Micro Devices (AMD) earnings. AMD earnings were below whisper numbers. Initially, AMD stock dropped after the earnings release, but the dip was aggressively bought as semiconductor mania is in full swing – any semiconductor company that has any news, even bad news, is seeing aggressive buying. AMD’s conference call was extraordinarily bullish. It is no longer only GPUs for AI. CPU demand is seeing an extraordinary rise. Pay attention to this statement from AMD’s CEO Lisa Su, “We now expect the server CPU TAM to grow at greater than 35% annually, reaching over $120 billion by 2030. " The statement from Su is also driving Intel (INTC) and Arm (ARM) stocks higher. AMD stock is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. AMD is long from an average of $205. 52. It is trading at $416. 96 as of this writing in the premarket, representing a gain of 103%. Memory and disk drive stocks Micron (MU), Sandisk (SNDK), Western Digital (WDC), and Seagate Technology (STX) are seeing extremely aggressive buying. MU stock is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. MU is long from an average of $21. 77. It is trading at $670. 47 as of this writing in the premarket, representing a gain of 2980%. Semiconductor mania is now in full swing and has reached pre-2000 crash level by several measures, including fundamental, technical, and quantitative. The semiconductor index now has a PE of 37. Does this mean semiconductors are going to crash again? In The Arora Report analysis, a major pullback can happen anytime, but the probability of a 2000-style major crash is low due to AI demand. The Arora Report portfolios are very heavy in semiconductors. Semiconductor ETF SMH in the ZYX Allocation Model Portfolio has a gain of 6699% as of this writing in the premarket. The plan is to start trade around positions on any major dip in semiconductors. Trade around positions are a billionaire and hedge fund technique used to dramatically increase returns and reduce risk. Please see Trade Management Guidelines for more. RSI on the chart shows semiconductors are overbought but have more room to run. As a member of The Arora Report, you were already ahead of the curve. Starting in 2022, The Arora Report high conviction call has been a fortune is to be made in AI all the way to 2030. Now, you need to get ahead in semiconductors – the mistake investors are making is assuming that the present level of demand is going to continue for a very long time. In The Arora Report analysis, the demand will start tapering off in 2028. Sometime before then, it will be important to take more profits and hedge long semiconductor positions. There will be an extraordinary opportunity to make a fortune by short selling semiconductors. Just like an athlete trains ahead of a big event, investors need to consider developing significant short selling expertise ahead of the upcoming major opportunity. In short selling, it takes time to learn, and once you learn, you need to stay in practice. The best way to learn is to read the signals in ZYX Short. If you are not experienced in short selling and are just starting a ZYX Short membership, consider not trading any signals for a long time but use the signals to learn. The U. S. is advancing a proposal for a one page memorandum of understanding with Iran that will open the Strait of Hormuz. This proposal is generating significant optimism. As a result, there is aggressive buying in stocks and bonds and aggressive selling in oil. Aggressive buying in bonds is bringing yields lower. Yesterday, we shared with you the chart of 20+ year Treasury Bond ETF (TLT), showing long bonds were in the danger zone. The U. S. proposal is causing a rally in TLT. The U. S. Treasury is offering $125B of Treasury securities to refund $83. 3B of privately held Treasury notes maturing on May 15. In The Arora Report analysis, this offering is inline with expectations and should not have any impact on the markets even though $125B is a large amount ADP is the largest private payroll processor in the country. ADP uses its data to provide a glimpse of the official jobs report that will be released on Friday at 8:30am ET. The just released ADP data came stronger than expected. ADP Employment Change came at 109K vs. 79K consensus. In important earnings, Disney (DIS), Uber (UBER), and Novo Nordisk (NVO) are reporting earnings better than whisper numbers. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Meta (META). In the early trade, money flows are negative in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 8. 1M barrels vs. consensus of a draw of 2. 8M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7342 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 441 points. Gold futures are at $4695, silver futures are at $77. 09, and oil futures are at $94. 41. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, BTCUSD, GOLD, INTC, MARKETS, OIL, QQQ, SILVER, SPY, TBF, TBT, TBX, TLT By Nigam Arora To gain an edge, this is what you need to know today. Bonds In Danger Zone Please click here for a chart of 20+ year Treasury bond ETF (TLT). Note the following: The chart shows that not only is TLT in the danger zone but TLT is hitting the low band of the danger zone. The yield on 30 year U. S. Treasuries has reached over 5%. So far, the momo crowd is obvious to long bond yields rising above 5% and is aggressively buying stocks. RSI on the chart shows TLT is very oversold. This means there is a reasonable probability of a bounce in TLT. If such a bounce occurs, all will likely be temporarily well with the stock market. If TLT breaks below the danger zone, the stock market will take notice and there will be a high probability of smart money selling overcoming momo crowd buying. President Trump is reluctant to restart the war in Iran and is deciding to overlook Iran’s ceasefire violations. General Daniel Caine says Iran attacked commercial vessels nine times and U. S. forces ten times. The momo crowd is celebrating by buying stocks on the U. S. choosing to ignore Iran’s ceasefire violations and not escalate. ISM Non-Manufacturing Index and JOLTS job openings will be released today at 10am and may be market moving. In important news, Apple (AAPL) is considering using Intel’s (INTC) foundry for chips. INTC is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. INTC is long from an average of $19. 05. INTC is trading at $99. 51 as of this writing in the premarket, representing a 422% gain. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7261 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 171 points. Gold futures are at $4574, silver futures are at $73. 88, and oil futures are at $103. 27. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMD, AMZN, BTCUSD, FDX, GOLD, INTC, MARKETS, MMM, MU, OIL, PG, PLTR, QQQ, SILVER, SNDK, SPX, SPY, UPS By Nigam Arora To gain an edge, this is what you need to know today. Tempered Rally Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the rally attempted in the early trade today was tempered. The chart shows the volume continues to be low. In The Arora Report analysis, one reason for the low volume is that investors do not have conviction in this rally. Instead of buying stocks, they are aggressively buying call options. As investors aggressively buy call options, dealers who are selling the calls buy stocks to hedge. Early this morning, the momo crowd was very aggressively buying stocks, especially semiconductor stocks such as Intel (INTC), Advanced Micro Devices (AMD), Sandisk (SNDK), and Micron (MU), but then the news hit that Iran had struck a U. S. warship. Stocks fell and oil rose on the news The U. S. denied the news; stocks rose again, and oil fell. As of this writing, selling is again coming into the stock market on a report of the U. A. E. issuing a missile threat. The U. S. is saying it will guide neutral ships that are stuck in the Strait of Hormuz. This guidance is supposed to be electronic. Iran, in turn, is warning the U. S. to stay out of the Strait of Hormuz. In an important development, China is ordering its companies to not obey U. S. sanctions. Sanctions have been a major tool of U. S. foreign policy. China is taking this and other confrontational steps ahead of the Trump Xi meeting. History shows that after the summit, the steps are often taken back, allowing both sides to declare victory. Meme stock GameStop (GME) is making a buyout offer for eBay (EBAY). eBay is four times the size of GameStop. Stock market bears see this as a potential sign of a stock market top. Bulls are encouraged by very strong earnings so far this earnings season. However, prudent investors should note these strong earnings are concentrated in AI stocks. Among important earnings, AI software Palantir (PLTR) reports after hours today. Palantir carries the burden of proving that it should not be grouped with other software stocks and the selloff in PLTR stock is unjustified. PLTR is in the ZYX Buy Core Model Portfolio, long from an average of $20. 15. PLTR is trading at $147. 35 as of this writing in the premarket, representing a gain of 631%. There is also a trade around position in PLTR. Trade around positions are a technique used by billionaires and hedge funds to dramatically increase returns and reduce risk. Amazon (AMZN) is opening its logistics services to outside businesses. This is bringing in selling in United Parcel Service (UPS) and FedEx (FDX). Companies such as Procter & Gamble (PG) and 3M (MMM) are already using Amazon logistics services. The mother of all numbers, the jobs report, will be released on Friday at 8:30am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN) and Nvidia (NVDA). In the early trade, money flows are neutral in Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL) and Microsoft (MSFT). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) briefly spiked above $80K before pulling back. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7250 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are down 166 points. Gold futures are at $4576, silver futures are at $74. 21, and oil futures are at $103. 62. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAOI, AAP, AAPL, AMD, AMKR, AMZN, BTCUSD, CAT, CIEN, COHR, CRWV, CVX, DIA, DJIA, GDX, GLD, GLW, GOLD, GOOG, GOOGL, INTC, LITE, LLY, MARKETS, META, MRVL, MSFT, MU, NVDA, NXPI, OIL, ORCL, QCOM, QQQ, SFTBY, SILVER, SLV, SMH, SNDK, SOXL, SPX, SPY, STX, TBF, TBT, TSHTY, TSM, USO, WDC, XOM By Nigam Arora & Dr. Natasha Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' BLOWOUT EARNINGS FROM SANDISK AND WESTERN DIGITAL BUT STOCK REACTION IS A TELL, ‘MOST POPULAR EVER’ IPHONE May 1, 2026 To gain an edge, this is what you need to know today. Important Tell For Stock Market Please click here for a chart of leverage semiconductor ETF (SOXL). Note the following: SOXL continues to be a tell for the entire stock market because semiconductors are the leading sector and super aggressive investors are focused on SOXL. The chart shows that in spite of blowout earnings from Sandisk (SNDK) and Western Digital (WDC), SOXL is slightly pulling back instead of breaking out. The reason is that on one side, blowout earnings and even higher projections should cause SOXL to break out; but on the other hand, SOXL is up 216% from the March 30 low, and prudent investors are wondering how much more is there to go. After the market close, Sandisk, maker of NAND memory, and Western Digital, a disk drive maker, reported blowout earnings significantly better than whisper numbers. Both stocks immediately saw aggressive selling in the after market after earnings were reported. Investors should consider watching these two stocks today to see if buying comes in and they go higher. Apple (AAPL) reported robust earnings crediting the “most popular ever” iPhone. Even without any material AI announcements, AAPL stock is higher as of this writing in the premarket. This indicates that if Apple comes with innovative AI announcements, AAPL stock has the potential to go up another $100. AAPL is in the ZYX Buy Core Model Portfolio, long from an average of $4. 68. This represents a gain of 5899% for long time members. Apple’s new CEO John Ternus is a hardware engineer, and there are high hopes for a return to innovation like in the Steve Jobs era. As of this writing, aggressive buying is coming into the stock market on news that Iran has submitted a new proposal. Oil is falling on the news. Two oil majors Exxon (XOM) and Chevron (CVX) reported earnings better than whisper numbers. Of special interest to prudent investors is that both oil majors are resisting pressure from the Trump administration to increase production to lower oil prices. Yesterday, DJIA significantly outperformed other indexes primarily driven by only one stock Caterpillar (CAT). Caterpillar reported earnings much better than whisper numbers due to demand for power equipment for AI data centers. S&P 500 and Nasdaq 100 were held back by pension funds selling due to rebalancing. Blind money will flow into the stock market today and Monday. Blind money is the money that investors send to Wall Street at the beginning of the month without any analysis and without any consideration for market conditions. ISM Manufacturing Index will be released at 10am ET and may be market moving. The consensus is 53. 1%. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Europe Speculation is building that the European Central Bank and the Bank of England will raise rates in their next meetings. Taiwan Taiwan’s Q1 GDP grew by a gigantic 13. 7%. The last time such growth was seen was in 1987. The primary driver is AI semiconductors. Taiwan Semiconductor Manufacturing Company (TSM), based in Taiwan, manufactures advanced AI chips for Nvidia (NVDA) and CPUs for Apple. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Alphabet (GOOG) and Meta (META). In the early trade, money flows are negative in Amazon (AMZN). In the early trade, money flows are neutral in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7258 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 140 points. Gold futures are at $4602, silver futures are at $74. 75, and oil futures are at $103. 70. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. HYPERSCALER CAPEX GROWTH REIGNITES SEMI MANIA, JOBLESS CLAIMS THIS LOW LAST SEEN IN 1969 Apr 30, 2026 To gain an edge, this is what you need to know today. Leading Indicators Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are a tell for the entire stock market because semiconductors are the leading sector. The chart shows that including the early trade today, the down gap has been filled. The pattern on the chart shows that instead of selling on the island reversal, as is usually the case, investors bought the dip in semiconductors. The next test will be if semiconductors can break above the recent high shown on the chart. The chart shows the Arora signal to take partial profits on semiconductor ETF (SMH) right at the top. SMH is in the ZYX Allocation Model Portfolio and now has a gain of 6250% as of this writing in the premarket. This extraordinary large gain illustrates the power of the ZYX Change Method to identify trends ahead of Wall Street. Buying in semiconductors yesterday after the stock market close was manic. This morning in the early trade, semiconductors have pulled back from yesterday evening’s manic buying. The manic buying in semiconductors was triggered after earnings from Alphabet (GOOG, GOOGL), Meta (META), Microsoft (MSFT), and Amazon (AMZN) showed capex increasing to $725B in 2026. As we previously shared with you, the prior estimate was $650B. In The Arora Report analysis, after listening to the conference calls, hyperscaler capex in 2027 is likely to go up another 10% - 15%. Semiconductors are the primary beneficiaries of higher capex. Yesterday, yields rose and bonds fell on Fed Chair Powell’s decision to stay at the Fed. As a member of The Arora Report, you were already ahead of the curve. We previously shared with you that if Powell decides to stay, it will be harder for incoming Fed Chair Warsh to cut interest rates. After Powell’s decision to stay, the gap between the 30 year bond yield and the 3 month Treasury bill reached the highest level since July 2022. The implication is that even though Warsh is expected to suppress short term rates, long term rates are higher due to fear of inflation. PCE is the Fed's favorite inflation gauge. Inflation came warmer than expected. Here are the details: Headline PCE came at 0. 7% vs. 0. 6% consensus. Core PCE came at 0. 3% vs. 0. 3% consensus. Initial jobless claims came at 189K vs. 217K consensus. This drop is staggering. To understand how staggering it is, consider the last time jobless claims were this low was in September 1969. The U. S. economy is 70% consumer based. For this reason, prudent investors pay attention to personal income and personal spending. The data shows the consumer is strong. Here are the details: Personal spending came at 0. 9% vs. 0. 4% consensus. Personal income came at 0. 6% vs. 0. 4% consensus. GDP data shows economic growth has slowed compared to expectations. Here are the details: Q1 GDP Adv. came at 2. 0% vs. 2. 1% consensus. Q1 Chain Deflator Adv. came at 3. 6%% vs. 3. 3% consensus. In important earnings, Eli Lilly (LLY) reported earnings better than whisper numbers. Eli Lilly is increasing its forecast on optimism about the weight loss pill. LLY is in the ZYX Buy Core Model Portfolio, long from an average of $318. 45. LLY is trading at $902. 10 as of this writing in the premarket, representing a gain of 183%. Apple (AAPL) will report earnings in the after market. In the middle of all of this optimism, some pension funds will engage in month end rebalancing. Such rebalancing will cause billions of dollars of stocks to be sold. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Japan threatened to intervene in the forex market, causing the yen to rise. Interest rates in Japan are important because in the carry trade, funds have borrowed billions of dollars in Japan and invested in the U. S. , lately in the AI trade. Europe Both the European Central Bank and the Bank of England left interest rates unchanged. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in Meta (META) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7204 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 308 points. Gold futures are at $4649, silver futures are at $74. 01, and oil futures are at $105. 27. SEAGATE ASSUAGES OPENAI FEARS, NON-AI SEMI DEMAND, FIVE EARNINGS AHEAD WILL DETERMINE FATE OF THE MARKET Apr 29, 2026 To gain an edge, this is what you need to know today. Mag7 Earnings Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows an island reversal in semiconductors. In traditional technical analysis, this is a negative pattern and often indicates a top. Prudent investors should carefully watch semiconductors because semiconductors are the leading sector leading the stock market higher from the March 30 low. The chart shows semiconductors are moving higher in the early trade on good earnings from Seagate (STX) and NXPI (NXPI). Dutch semiconductor company NXPI reported doubling its first quarter profits. This indicates demand for non-AI semiconductors is increasing. NXPI is in the ZYX Buy Core Model Portfolio. NXPI is long from an average of $92. 30, representing a 197% gain as of this writing in the premarket. Disk drive maker Seagate reported earnings significantly better than whisper numbers and projected strong demand. AI is increasing the need for storage. The three major disk drive manufacturers Seagate, Western Digital (WDC), and Toshiba (TSHTY) are not meaningfully increasing production. Enthusiasm from Seagate is being carried over to semiconductor memory makers Micron (MU) and Sandisk (SNDK). In The Arora Report analysis, Seagate projections are assuaging fears from a report yesterday that OpenAI was not meeting its internal targets. President Trump is leaning toward leaving the Iran blockade in place for a long time. The hope is that economic pressure will accomplish what military attacks did not accomplish. It appears that President Trump is ruling out the options of simply leaving and declaring victory or bombing Iran again. Please see the oil section below. Durable orders data is strong. Here are the details: Durable orders came in at 0. 8% vs 0. 5% consensus. Durable orders ex-transportation came at 0. 9% vs 0. 6% consensus. The Fed will announce its rate decision at 2pm ET, followed by Fed Chair Powell’s press conference at 2:30pm ET. The Fed is expected to leave interest rates unchanged. We previously shared with you: Will Powell decide to stay or leave the Fed after his term as Fed Chair ends? If Powell decides to leave, it will make it easier for Kevin Warsh to cut rates. President Trump has threatened that he will fire Powell if he does not leave. Amazon (AMZN), Google (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) will report earnings today after hours. Apple (AAPL) will report earnings tomorrow after hours. These earnings will determine where the stock market goes next. Prudent investors should pay special attention to the $650B capex from mega tech companies. Here are the key questions: Is there any change in capex? How likely is it that capex will prove profitable in the end? As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Housing Starts Housing starts are very strong, but building permits that reflect the future are weak. Here are the details: Housing starts for March came at 1. 502M vs. 1. 356M prior. Building permits for March came at 1. 372M vs. 1. 538M prior. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Amazon (AMZN), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), and Meta (META). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and negative in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil Oil is moving higher on President Trump’s plan to leave the Iran blockade for longer. There is concern that the Iran war will not be resolved and will persist as a low level conflict. If this is the case, it will negatively impact the global economy. For the time being, the stock market momo crowd is oblivious. On the other hand, U. A. E leaving OPEC is positive for the global economy in the long term. API crude inventories came at a draw of 1. 79M barrels vs. a consensus of a build of 0. 3M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7172 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are down 23 points. Gold futures are at $4575, silver futures are at $73. 06, and oil futures are at $103. 47. SEMI MANIA BACK TRACKS ON OPENAI MISSING TARGETS, OIL RISES AWAITING TRUMP, U. A. E. QUITS OPEC Apr 28, 2026 To gain an edge, this is what you need to know today. Pressure From Oil Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows the semiconductor mania is backtracking. The chart shows the Arora signal to take partial profits on semiconductor ETF (SMH) yesterday in the premarket near the top before the pullback. There were also signals from The Arora Report to take partial profits on Intel (INTC) yesterday and on Advanced Micro Devices (AMD) on Friday. RSI on the chart shows SOXL is no longer overbought. When anything becomes as overbought as semiconductors had been, there is usually a trigger that becomes an excuse for a pullback. The excuse this time is a report that OpenAI, maker of ChatGPT, is not meeting its internal targets for revenues and users. OpenAI is denying the report. This report is also negatively impacting stocks closely tied to OpenAI such as Oracle (ORCL), CoreWeave (CRWV), and SoftBank (SFTBY). A bigger mania than semiconductors has been in optical stocks. Earnings from Corning (GLW) and Amkor Technology (AMKR) are negatively impacting other optical related stocks such as Marvell (MRVL), Applied Optoelectronics (AAOI), Ciena (CIEN), Coherent (COHR), and Lumentum (LITE). The FOMC meeting starts today. The Fed will announce its rate decision tomorrow at 2pm ET, followed by Fed Chair Powell’s press conference at 2:30pm ET. Consumer confidence will be released at 10am ET and may be market moving. Oil is rising, putting pressure on the entire stock market in the early trade, but in The Arora Report analysis, a new major oil related development is positive for the stock market in the long run. Please see the oil section below. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan The Bank of Japan (BOJ) left its key interest rate unchanged at 0. 75%. This is inline with consensus, but in The Arora Report analysis, prudent investors should pay attention to the fact that three out of nine members voted for a hike. This indicates an interest rate hike in Japan may be ahead. Interest rates in Japan are important because in the carry trade, funds have borrowed billions of dollars in Japan and invested in the U. S. , lately in the AI trade. Europe New data released by the European Central Bank (ECB) shows that consumer expectations for year ahead inflation jumped to 4. 0% from 2. 5%. Three year inflation expectations jumped to 3. 0% from 2. 5%. The ECB survey is now projecting the economy to contract by 2. 1% from prior projection of 0. 9% contraction. This data is from a survey. Survey data does not always turn into reality. However, prudent investors should note that if this data turns into reality, this will be the start of stagflation. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Alphabet (GOOG), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil Oil has been rising as President Trump does not like Iran’s proposal. Iran’s proposal is to open the Strait of Hormuz but delay any negotiations on nuclear. The main reason President Trump has given for attacking Iran is to make sure Iran does not develop a nuclear bomb. In an important development, U. A. E. is leaving OPEC and OPEC+ to pursue a new strategy. U. A. E has been the third largest oil producer and an important member of OPEC for six decades. In The Arora Report analysis, this is a negative development for oil and a positive development for the stock market in the long term. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7164 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 101 points. Gold futures are at $4611, silver futures are at $73. 61, and oil futures are at $99. 61. SEMI MANIA, OPENAI MAY RECRUIT QUALCOMM TO CHALLENGE APPLE IN SMART PHONES, TWO MAJOR STOCK MARKET TRIGGERS AHEAD Apr 27, 2026 To gain an edge, this is what you need to know today. Major Triggers Ahead Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows SOXL was rising on a very steep trendline. The chart shows SOXL gapped up on Intel (INTC) earnings and has continued to rise. This is what a mania looks like. RSI on the chart shows that SOXL continues to be extremely overbought. The last time a similar mania in semiconductors occurred was in 2000, just before semiconductors crashed. Semiconductor ETF (SMH) is in the ZYX Allocation Model Portfolio, long from an average of $7. 95. SMH is trading at $509. 56 as of this writing in the premarket, representing a gain of 6310%. This illustrates the power of The Arora Report's proprietary ZYX Change Method for long term investing. The premise behind the ZYX Change Method is that the most money is made with the lowest risk by successfully predicting change before the crowd. The Arora Report identified early on that semiconductors would become the blood of the new economy, just like oil is the blood of the old economy. There is credible speculation that OpenAI is working with Qualcomm (QCOM) to develop custom smart phone processors (SoCs). The smart phone from OpenAI will be focused on AI agents and will directly challenge Apple’s (AAPL) iPhone that is focused on apps. OpenAI aims to leapfrog Apple. QCOM stock is jumping about 13% as of this writing in the premarket. QCOM is long from an average of $47. 13, representing a 258% gain for long time members of The Arora Report. There are two potential triggers for the stock market this week: Five of the seven Mag7 will report earnings this week. Amazon (AMZN), Google (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) will report earnings on Wednesday in the after hours. Apple (AAPL) will report earnings on Thursday in the after hours. The FOMC meeting starts tomorrow. The Fed will announce its rate decision on Wednesday at 2pm ET, followed by a press conference by Fed Chair Powell at 2:30pm ET. The expectation is that the interest rate will be left unchanged. Here is the key question for prudent investors: Will Powell decide to stay or leave the Fed after his term as Fed Chair ends? If Powell decides to leave, it will make it easier for Kevin Warsh to cut rates. President Trump has threatened that he will fire Powell if he does not leave. Talks between Iran and the U. S. have reached a stalemate. As a result, oil is rising. Iran’s Foreign Minister Araghchi is in Russia for talks with President Putin. The stock market is oblivious. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Alphabet (GOOG) and Nvidia (NVDA). In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7187 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are down 43 points. Gold futures are at $4723, silver futures are at $75. 78, and oil futures are at $95. 34. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, BTCUSD, CAT, CVX, GOLD, MARKETS, NVDA, OIL, QQQ, SILVER, SMH, SNDK, SOXL, SPY, TSM, WDC, XOM By Nigam Arora To gain an edge, this is what you need to know today. Important Tell For Stock Market Please click here for a chart of leverage semiconductor ETF (SOXL). Note the following: SOXL continues to be a tell for the entire stock market because semiconductors are the leading sector and super aggressive investors are focused on SOXL. The chart shows that in spite of blowout earnings from Sandisk (SNDK) and Western Digital (WDC), SOXL is slightly pulling back instead of breaking out. The reason is that on one side, blowout earnings and even higher projections should cause SOXL to break out; but on the other hand, SOXL is up 216% from the March 30 low, and prudent investors are wondering how much more is there to go. After the market close, Sandisk, maker of NAND memory, and Western Digital, a disk drive maker, reported blowout earnings significantly better than whisper numbers. Both stocks immediately saw aggressive selling in the after market after earnings were reported. Investors should consider watching these two stocks today to see if buying comes in and they go higher. Apple (AAPL) reported robust earnings crediting the “most popular ever” iPhone. Even without any material AI announcements, AAPL stock is higher as of this writing in the premarket. This indicates that if Apple comes with innovative AI announcements, AAPL stock has the potential to go up another $100. AAPL is in the ZYX Buy Core Model Portfolio, long from an average of $4. 68. This represents a gain of 5899% for long time members. Apple’s new CEO John Ternus is a hardware engineer, and there are high hopes for a return to innovation like in the Steve Jobs era. As of this writing, aggressive buying is coming into the stock market on news that Iran has submitted a new proposal. Oil is falling on the news. Two oil majors Exxon (XOM) and Chevron (CVX) reported earnings better than whisper numbers. Of special interest to prudent investors is that both oil majors are resisting pressure from the Trump administration to increase production to lower oil prices. Yesterday, DJIA significantly outperformed other indexes primarily driven by only one stock Caterpillar (CAT). Caterpillar reported earnings much better than whisper numbers due to demand for power equipment for AI data centers. S&P 500 and Nasdaq 100 were held back by pension funds selling due to rebalancing. Blind money will flow into the stock market today and Monday. Blind money is the money that investors send to Wall Street at the beginning of the month without any analysis and without any consideration for market conditions. ISM Manufacturing Index will be released at 10am ET and may be market moving. The consensus is 53. 1%. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Europe Speculation is building that the European Central Bank and the Bank of England will raise rates in their next meetings. Taiwan Taiwan’s Q1 GDP grew by a gigantic 13. 7%. The last time such growth was seen was in 1987. The primary driver is AI semiconductors. Taiwan Semiconductor Manufacturing Company (TSM), based in Taiwan, manufactures advanced AI chips for Nvidia (NVDA) and CPUs for Apple. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are neutral in Alphabet (GOOG) and Meta (META). In the early trade, money flows are negative in Amazon (AMZN). In the early trade, money flows are neutral in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7258 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 140 points. Gold futures are at $4602, silver futures are at $74. 75, and oil futures are at $103. 70. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, AMZN, BTCUSD, GOLD, GOOG, GOOGL, LLY, MARKETS, META, MSFT, OIL, QQQ, SILVER, SMH, SOXL, SPY By Nigam Arora To gain an edge, this is what you need to know today. Leading Indicators Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: Semiconductors are a tell for the entire stock market because semiconductors are the leading sector. The chart shows that including the early trade today, the down gap has been filled. The pattern on the chart shows that instead of selling on the island reversal, as is usually the case, investors bought the dip in semiconductors. The next test will be if semiconductors can break above the recent high shown on the chart. The chart shows the Arora signal to take partial profits on semiconductor ETF (SMH) right at the top. SMH is in the ZYX Allocation Model Portfolio and now has a gain of 6250% as of this writing in the premarket. This extraordinary large gain illustrates the power of the ZYX Change Method to identify trends ahead of Wall Street. Buying in semiconductors yesterday after the stock market close was manic. This morning in the early trade, semiconductors have pulled back from yesterday evening’s manic buying. The manic buying in semiconductors was triggered after earnings from Alphabet (GOOG, GOOGL), Meta (META), Microsoft (MSFT), and Amazon (AMZN) showed capex increasing to $725B in 2026. As we previously shared with you, the prior estimate was $650B. In The Arora Report analysis, after listening to the conference calls, hyperscaler capex in 2027 is likely to go up another 10% - 15%. Semiconductors are the primary beneficiaries of higher capex. Yesterday, yields rose and bonds fell on Fed Chair Powell’s decision to stay at the Fed. As a member of The Arora Report, you were already ahead of the curve. We previously shared with you that if Powell decides to stay, it will be harder for incoming Fed Chair Warsh to cut interest rates. After Powell’s decision to stay, the gap between the 30 year bond yield and the 3 month Treasury bill reached the highest level since July 2022. The implication is that even though Warsh is expected to suppress short term rates, long term rates are higher due to fear of inflation. PCE is the Fed's favorite inflation gauge. Inflation came warmer than expected. Here are the details: Headline PCE came at 0. 7% vs. 0. 6% consensus. Core PCE came at 0. 3% vs. 0. 3% consensus. Initial jobless claims came at 189K vs. 217K consensus. This drop is staggering. To understand how staggering it is, consider the last time jobless claims were this low was in September 1969. The U. S. economy is 70% consumer based. For this reason, prudent investors pay attention to personal income and personal spending. The data shows the consumer is strong. Here are the details: Personal spending came at 0. 9% vs. 0. 4% consensus. Personal income came at 0. 6% vs. 0. 4% consensus. GDP data shows economic growth has slowed compared to expectations. Here are the details: Q1 GDP Adv. came at 2. 0% vs. 2. 1% consensus. Q1 Chain Deflator Adv. came at 3. 6%% vs. 3. 3% consensus. In important earnings, Eli Lilly (LLY) reported earnings better than whisper numbers. Eli Lilly is increasing its forecast on optimism about the weight loss pill. LLY is in the ZYX Buy Core Model Portfolio, long from an average of $318. 45. LLY is trading at $902. 10 as of this writing in the premarket, representing a gain of 183%. Apple (AAPL) will report earnings in the after market. In the middle of all of this optimism, some pension funds will engage in month end rebalancing. Such rebalancing will cause billions of dollars of stocks to be sold. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Japan threatened to intervene in the forex market, causing the yen to rise. Interest rates in Japan are important because in the carry trade, funds have borrowed billions of dollars in Japan and invested in the U. S. , lately in the AI trade. Europe Both the European Central Bank and the Bank of England left interest rates unchanged. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in Meta (META) and Microsoft (MSFT). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7204 as of this writing. S&P 500 futures resistance levels are 7500 and 7700 : support levels are 7200, 7000, and 6780. DJIA futures are up 308 points. Gold futures are at $4649, silver futures are at $74. 01, and oil futures are at $105. 27. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, AMZN, BTCUSD, GOLD, GOOG, GOOGL, MARKETS, META, MSFT, MU, NXPI, OIL, QQQ, SILVER, SMH, SNDK, SOXL, SPY, STX, TSHTY, WDC By Nigam Arora To gain an edge, this is what you need to know today. Mag7 Earnings Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows an island reversal in semiconductors. In traditional technical analysis, this is a negative pattern and often indicates a top. Prudent investors should carefully watch semiconductors because semiconductors are the leading sector leading the stock market higher from the March 30 low. The chart shows semiconductors are moving higher in the early trade on good earnings from Seagate (STX) and NXPI (NXPI). Dutch semiconductor company NXPI reported doubling its first quarter profits. This indicates demand for non-AI semiconductors is increasing. NXPI is in the ZYX Buy Core Model Portfolio. NXPI is long from an average of $92. 30, representing a 197% gain as of this writing in the premarket. Disk drive maker Seagate reported earnings significantly better than whisper numbers and projected strong demand. AI is increasing the need for storage. The three major disk drive manufacturers Seagate, Western Digital (WDC), and Toshiba (TSHTY) are not meaningfully increasing production. Enthusiasm from Seagate is being carried over to semiconductor memory makers Micron (MU) and Sandisk (SNDK). In The Arora Report analysis, Seagate projections are assuaging fears from a report yesterday that OpenAI was not meeting its internal targets. President Trump is leaning toward leaving the Iran blockade in place for a long time. The hope is that economic pressure will accomplish what military attacks did not accomplish. It appears that President Trump is ruling out the options of simply leaving and declaring victory or bombing Iran again. Please see the oil section below. Durable orders data is strong. Here are the details: Durable orders came in at 0. 8% vs 0. 5% consensus. Durable orders ex-transportation came at 0. 9% vs 0. 6% consensus. The Fed will announce its rate decision at 2pm ET, followed by Fed Chair Powell’s press conference at 2:30pm ET. The Fed is expected to leave interest rates unchanged. We previously shared with you: Will Powell decide to stay or leave the Fed after his term as Fed Chair ends? If Powell decides to leave, it will make it easier for Kevin Warsh to cut rates. President Trump has threatened that he will fire Powell if he does not leave. Amazon (AMZN), Google (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) will report earnings today after hours. Apple (AAPL) will report earnings tomorrow after hours. These earnings will determine where the stock market goes next. Prudent investors should pay special attention to the $650B capex from mega tech companies. Here are the key questions: Is there any change in capex? How likely is it that capex will prove profitable in the end? As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Housing Starts Housing starts are very strong, but building permits that reflect the future are weak. Here are the details: Housing starts for March came at 1. 502M vs. 1. 356M prior. Building permits for March came at 1. 372M vs. 1. 538M prior. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Amazon (AMZN), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), and Meta (META). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and negative in Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil Oil is moving higher on President Trump’s plan to leave the Iran blockade for longer. There is concern that the Iran war will not be resolved and will persist as a low level conflict. If this is the case, it will negatively impact the global economy. For the time being, the stock market momo crowd is oblivious. On the other hand, U. A. E leaving OPEC is positive for the global economy in the long term. API crude inventories came at a draw of 1. 79M barrels vs. a consensus of a build of 0. 3M barrels. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is range bound. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7172 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are down 23 points. Gold futures are at $4575, silver futures are at $73. 06, and oil futures are at $103. 47. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAOI, AMD, AMKR, BTCUSD, CIEN, COHR, CRWV, GLW, GOLD, INTC, LITE, MARKETS, MRVL, OIL, ORCL, QQQ, SFTBY, SILVER, SMH, SOXL, SPY By Nigam Arora To gain an edge, this is what you need to know today. Pressure From Oil Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The chart shows the semiconductor mania is backtracking. The chart shows the Arora signal to take partial profits on semiconductor ETF (SMH) yesterday in the premarket near the top before the pullback. There were also signals from The Arora Report to take partial profits on Intel (INTC) yesterday and on Advanced Micro Devices (AMD) on Friday. RSI on the chart shows SOXL is no longer overbought. When anything becomes as overbought as semiconductors had been, there is usually a trigger that becomes an excuse for a pullback. The excuse this time is a report that OpenAI, maker of ChatGPT, is not meeting its internal targets for revenues and users. OpenAI is denying the report. This report is also negatively impacting stocks closely tied to OpenAI such as Oracle (ORCL), CoreWeave (CRWV), and SoftBank (SFTBY). A bigger mania than semiconductors has been in optical stocks. Earnings from Corning (GLW) and Amkor Technology (AMKR) are negatively impacting other optical related stocks such as Marvell (MRVL), Applied Optoelectronics (AAOI), Ciena (CIEN), Coherent (COHR), and Lumentum (LITE). The FOMC meeting starts today. The Fed will announce its rate decision tomorrow at 2pm ET, followed by Fed Chair Powell’s press conference at 2:30pm ET. Consumer confidence will be released at 10am ET and may be market moving. Oil is rising, putting pressure on the entire stock market in the early trade, but in The Arora Report analysis, a new major oil related development is positive for the stock market in the long run. Please see the oil section below. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan The Bank of Japan (BOJ) left its key interest rate unchanged at 0. 75%. This is inline with consensus, but in The Arora Report analysis, prudent investors should pay attention to the fact that three out of nine members voted for a hike. This indicates an interest rate hike in Japan may be ahead. Interest rates in Japan are important because in the carry trade, funds have borrowed billions of dollars in Japan and invested in the U. S. , lately in the AI trade. Europe New data released by the European Central Bank (ECB) shows that consumer expectations for year ahead inflation jumped to 4. 0% from 2. 5%. Three year inflation expectations jumped to 3. 0% from 2. 5%. The ECB survey is now projecting the economy to contract by 2. 1% from prior projection of 0. 9% contraction. This data is from a survey. Survey data does not always turn into reality. However, prudent investors should note that if this data turns into reality, this will be the start of stagflation. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Alphabet (GOOG), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil Oil has been rising as President Trump does not like Iran’s proposal. Iran’s proposal is to open the Strait of Hormuz but delay any negotiations on nuclear. The main reason President Trump has given for attacking Iran is to make sure Iran does not develop a nuclear bomb. In an important development, U. A. E. is leaving OPEC and OPEC+ to pursue a new strategy. U. A. E has been the third largest oil producer and an important member of OPEC for six decades. In The Arora Report analysis, this is a negative development for oil and a positive development for the stock market in the long term. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7164 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 101 points. Gold futures are at $4611, silver futures are at $73. 61, and oil futures are at $99. 61. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of *** , and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMD, INTC, NVDA By Nigam Arora Please start out by reading the Morning Capsule. There are great profits on AMD. AMD is now hitting the second target zone. The call is to hold AMD without a target. Here are the reasons: AMD has both GPUs and CPUs. AMD's GPUs are cheaper than NVDA's. AMD GPUs have not gained traction for training. In The Arora Report analysis, AMD will gain more traction in inference. The market for inference is heating up. Agentic AI is increasing demand for CPUs. In The Arora Report analysis, by some measures, AMD CPUs are superior to INTC’s. AMD is a momo crowd favorite. From the Morning Capsule: The momo crowd does not do any deep analysis. The momo crowd primarily buys a stock because it is going up. When the momo crowd's own buying moves a stock higher, it strengthens the momo crowd's behavior and thinking they are geniuses, they buy more of the same stock. This momo crowd behavior can run a stock much higher than fundamentals justify or any prudent investor would think. What To Do Now Normally, the call would be to take partial profits right here and hold the rest for a higher target. However due to the factors given above, for tracking purposes no profits will be taken here with an eye towards the very long term. AMD stock will be held without a target. Having said that, it is a matter of personal preference – those who are conservative may consider taking partial profits here and holding the remaining without a target. Signal Limited is a Signal(s) with a great record in similar situations but does not meet all of the stringent criteria for a Signal. Typically Signal Limited has higher risk-reward compared to a Signal over the short term. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on April 24, 2026, on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: DIA, DJIA, GDX, GLD, QQQ, SLV, SPX, SPY, TBF, TBT, USO By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' IS INTEL NEXT NVIDIA AS AGENTIC AI INCREASES CPU DEMAND? STORAGE CRUNCH TO FORCE IRAN TO GIVE CONCESSIONS Apr 24, 2026 To gain an edge, this is what you need to know today. Increased CPU Demand Please click here for a chart of Intel stock (INTC). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of INTC stock is being used to illustrate the point. The chart shows the jump up in INTC stock on earnings in the after hours yesterday. RSI on the chart shows INTC has returned to overbought, but the stock has more room to run. Going into earnings, whisper numbers on Intel had moved up. Intel beat even those higher whisper numbers. Stocks move based on the difference between reported earnings and whisper numbers. Whisper numbers are the numbers analysts privately share with their best clients and are different from the numbers the same analysts publish for public consumption. Intel has just reclaimed, after 26 years, the high of $75. 81 made in August 2000. In The Arora Report analysis, here is the most important point for prudent investors to know. As AI shifts to agentic AI, demand for CPUs will go even higher than the current high demand. The main reason behind Intel beating whisper numbers is high demand for CPUs for AI data centers. For AI training, demand for GPUs exploded, but demand for CPUs did not increase. Intel is not a major vendor of GPUs, and this is the reason INTC stock previously lagged. Is Intel the next Nvidia (NVDA)? Consider the following points: Nvidia is the major vendor of GPUs. Intel is a major vendor of CPUs. AI demand for GPUs is significantly higher than the demand for CPUs. No other company in the world comes even close to the capabilities of Nvidia GPUs. Intel has competition from Advanced Micro Devices (AMD) in CPUs. Some experts consider AMD CPUs to be better than Intel CPUs. Arm Holdings (ARM) is jumping into the business of making CPUs. Until now, Arm has simply been licensing its IP. Arm RISC architecture has major advantages over Intel’s CISC architecture. Arm is majority owned by Softbank (SFTBY) of Japan, and thus has the financial muscle to become a formidable competitor to Intel. For AI, Nvidia has a significant software moat that no other company comes close to. Intel does not have that advantage in AI. Nvidia does not manufacture its own chips, and thus is not distracted by issues related to manufacturing advanced AI chips. Taiwan Semiconductor (TSM) manufactures Nvidia’s chips. Intel has its own foundry. Intel just had a major event with Elon Musk’s Terafab deciding to use Intel’s 14A process. However, Intel’s 14A process is not mature and TSM is more advanced in semiconductor manufacturing processes. Nvidia is overowned. This is the reason that in spite of improving fundamentals, NVDA stock has had difficulty moving up at the same speed as other semiconductor stocks. When a stock is overowned, not many buyers are left to buy, even on good news, unless the stock breaks out. In contrast, Intel is underowned and thus has a significant pool of buyers who can step in to buy INTC stock. Most analysts already rate NVDA stock as a buy. The followers of these analysts have already bought NVDA stock. Until yesterday, most analysts did not have a buy rating on INTC stock. Now, as analysts rush to upgrade INTC, their followers will buy INTC stock. The momo crowd has just discovered INTC stock. The momo crowd does not do any deep analysis. The momo crowd primarily buys a stock because it is going up. When the momo crowd’s own buying moves a stock higher, it strengthens the momo crowd’s behavior and thinking they are geniuses, they buy more of the same stock. This momo crowd behavior can run a stock much higher than fundamentals justify or any prudent investor would think. NVDA is in the ZYX Buy Core Model Portfolio, long from an average of $12. 55. As of this writing in the premarket, members of The Arora Report have a gain of 1498%. INTC is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio, long from an average of $19. 05. As of this writing in the premarket, members of The Arora Report have a gain of 348%. The U. S. government bought INTC stock at $20. 47, and now has a paper gain of over $37B. There is optimism about an Iran deal for the following reasons: There are reports that Iran may have only two to five days of oil storage capacity left. This is going to force Iran’s hand to give concessions and strike a deal with the U. S. Iran’s power struggle has resolved in favor of a hardliner stance. Paradoxically, with a unified Iran, this increases the probability of a deal. Iran’s foreign minister is going to visit Pakistan. University of Michigan consumer sentiment will be released at 10am ET and may be market moving. As a reminder, University of Michigan data previously showed consumer sentiment hit a 74 year low. Unless consumer sentiment starts rising, consumer sentiment is a red flag on the other side of the stock market momo crowd’s giddiness. Prudent investors need to look ahead. Pension funds and some other institutions will be doing month end rebalancing. In The Arora Report analysis, rebalancing will involve selling tens of billions of dollars of stocks. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. Today is a Friday. Fridays tend to have short squeezes, putting additional upward pressure on the market. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7168 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are down 60 points. Gold futures are at $4720, silver futures are at $75. 86, and oil futures are at $95. 68. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. MOMO CROWD PILES INTO LEVERAGED SEMIS, TANKER SEIZURES ESCALATE, SOFTWARE CRACKS, TESLA CAPEX SURGES Apr 23, 2026 To gain an edge, this is what you need to know today. Iran Breakthrough Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The trendline on the chart shows an extraordinarily steep rise in leveraged semiconductor ETF (SOXL). The ETF has moved from a low of around $40 to $107. 06 as of this writing in the premarket. This is a 168% rise in a very short time. The chart shows that RSI is at 100, the most overbought it can be. The momo crowd continues to pile into SOXL. The reason is that semiconductors are not impacted by the Iran war. In addition to the momo crowd, the meme crowd is also piling into SOXL. For prudent investors, SOXL provides an important indication of the extreme positive sentiment. As a member of The Arora Report, you have been ahead of the curve. We have been sharing with you for a while that software stocks have a structural problem due to AI. Software ETF IGV has staged a major bounce from the lows. Now, there is another setback. ServiceNow (NOW), a major software stock, reported good earnings after the market close, but the stock has experienced significant selling so far due to lower margins. The market is interpreting it as AI hurting software stocks instead of helping software stocks. Tesla (TSLA) reported good earnings after the market close. Initially, TSLA stock went higher but pulled back when CEO Elon Musk said capex will surge to $25B. The reveal of humanoid robot Optimus 3 is now scheduled for the second half of 2026. Intel (INTC) finally has a customer for its 14A process. The customer is Musk’s Terafab. INTC stock jumped on the news. INTC stock has been ripping lately. Intel will report earnings after the market close. Investors should carefully watch to see if the optimism is justified. INTC is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. INTC is long from an average of $19. 05. It is trading at $66. 45 as of this writing in the premarket. This represents a gain of 249%. As of this writing, significant buying is coming into the stock market on a report that there might be a breakthrough with Iran. Even though a ceasefire is in place with Iran, tensions at sea are rising. The U. S. has intercepted an Iranian supertanker outside of the Persian Gulf. Iran has seized two ships. The Pentagon says that clearing mines from the Strait of Hormuz may take six months. Of course, mine clearing cannot start until the war ends. Prudent investors should note that this means disruptions in global trade for a long time. Initial jobless claims will be released at 8:30am ET. Consensus is 212K. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL). In the early trade, money flows are neutral in Amazon (AMZN) and Nvidia (NVDA). In the early trade, money flows are negative in Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7156 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are down 229 points. Gold futures are at $4729, silver futures are at $75. 47, and oil futures are at $93. 20. STOCK MARKET MOMO CROWD GIDDY ON CEASEFIRE OBLIVIOUS TO IRAN HARDLINERS WINNING POWER STRUGGLE Apr 22, 2026 To gain an edge, this is what you need to know today. Extremely Positive Sentiment Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market is seeing buying in the early trade. The chart shows the volume on the rally remains low, indicating lack of conviction. RSI on the chart shows that even though the stock market is going up, it is losing internal momentum. As a member of The Arora Report, you were ahead of the curve. The headline of yesterday’s Morning Capsule published before the market open read in part “INVESTORS CONVINCED OF IRAN DEAL BUT OBLIVIOUS TO POWER STRUGGLE. ” We wrote: Investors are convinced that a deal with Iran is at hand. However, investors are oblivious to the power struggle taking place in Iran. Moderates in Iran want to make a peace deal. Hardliners in Iran believe that Iran has an upper hand and do not want to give into U. S. demands. After the market closed yesterday, President Trump referred to the power struggle in Iran as the reason for extending the ceasefire by saying “the Government of Iran is seriously fractured. ” President Trump said the U. S. will hold off “Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal. ” It appears that moderates in Iran were ready to go to Pakistan for talks with the U. S. but hardliners won the power struggle and ultimately Iran decided to not go to Pakistan for talks with the U. S. First, the stock market dropped on the news, but then jumped up when President Trump announced he was extending the ceasefire indefinitely in response to Iran’s refusal to talk. In The Arora Report analysis, the U. S. blockade will ultimately bring Iran to the table. The reason is that the storage in Iran will soon get filled and Iran would have already sold its oil that is on the water. The stock market momo crowd has gone giddy on President Trump indefinitely extending the ceasefire. The momo crowd is extremely aggressive buying semiconductor stocks, AI stocks, and speculative stocks. Stock market sentiment has turned extremely positive. As a reminder, extremely positive sentiment is a contrary signal, i. e. a sell signal. However, sentiment is not a precise timing indicator. Sentiment can stay extremely positive for a long time. Here are the guidelines for prudent investors: Do not initiate strategic positions when sentiment is extremely positive. Take partial profits on tactical positions when sentiment is extremely positive. On March 30, 2026, The Arora Report provided complete Model Portfolio updates in ZYX Buy, ZYX Allocation, and ZYX Emerging. Many positions were in the buy zones or had Buy Now ratings of YES. Hindsight shows March 30 turned out to be the exact low of this stock market cycle. Yesterday, The Arora Report gave a signal to take partial profits on tactical positions established at the very bottom as the stock market has sharply run up. Initiate strategic and tactical positions when sentiment is extremely negative. Among important earnings, Boeing (BA) and GE Vernova GEV) reported earnings better than consensus. AT&T (T) reported earnings worse than consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 4. 4M barrels vs. a consensus of a draw of 1M barrels. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing aggressive buying on the ceasefire. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7144 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 315 points. Gold futures are at $4768, silver futures are at $77. 80, and oil futures are at $90. 95. INVESTORS CONVINCED OF IRAN DEAL BUT OBLIVIOUS TO POWER STRUGGLE, NEW ERA AT APPLE, AMAZON DEEPER IN AI Apr 21, 2026 To gain an edge, this is what you need to know today. Power Struggle In Iran Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market continues to levitate well above the magnet. The chart shows that volume yesterday was even lower on a micro pullback. This indicates that investors do not want to sell. As a member of The Arora Report, you were already ahead of the curve. In yesterday’s Morning Capsule before the stock market opened, we wrote: The momo crowd is afflicted with extreme FOMO (fear of missing out). As is often the case, the momo crowd believes stonks are going to the moon, and they want to be onboard. Even prudent investors do not want to sell because of the history of optimistic posts from President Trump every time the stock market starts going down. Investors are waiting for another post from President Trump that may run up the stock market. RSI on the chart shows the stock market is very overbought. Investors are convinced that a deal with Iran is at hand. However, investors are oblivious to the power struggle taking place in Iran. Moderates in Iran want to make a peace deal. Hardliners in Iran believe that Iran has an upper hand and do not want to give into U. S. demands. Investors are paying attention to optimistic statements from President Trump but are ignoring statements from President Trump saying that he is unlikely to renew the ceasefire and is in no rush to end the war. Among hardliners in Iran, Senior Commander Ali Abdollahi is saying that Iran has the upper hand militarily and Iran will not allow President Trump to create a false narrative over the situation on the ground. China is the biggest customer of Iran’s oil. President Trump is angling for China to pressure Iran to accept a deal. In The Arora Report analysis, in the end it will come down to what President Trump is willing to accept and declare victory. With Tim Cook stepping down, a new era has begun at Apple (AAPL). Prudent investors should note that at a time when Apple has fallen behind in the AI race, Apple has chosen John Ternus, who is a hardware expert, not an AI or software expert. There are obvious risks to Apple by not picking an AI expert as the CEO, but here are the potential positives that may come out of this decision: Apple may usher in a new era of hardware innovations, just like what happened under Steve Jobs. Apple may not need to spend billions of dollars on AI like other Mag7 companies. There is potential for the narrative about Apple to change. If the narrative changes, AAPL stock can quickly move to The Arora Report’s very long term target of $426 - $434. AAPL is in the ZYX Buy Core Model Portfolio, long from $4. 68. AAPL stock is trading at $271. 78 as of this writing in the premarket, representing a gain of 5707%. Amazon (AMZN) is pushing deeper into AI with a new deal with Anthropic. Amazon is investing an additional $5 billion in Anthropic and plans to invest up to $20B tied to milestones. In return, Anthropic plans to spend $100B on compute from AWS. Prudent investors closely watch retail sales data as the U. S. economy is 70% consumer based. Retail sales came hotter than expected. American consumers continue to spend. Here is the latest retail sales data: March headline retail sales came at 1. 7% vs. 1. 3% consensus. March retail sales ex-auto came at 1. 9% vs. 0. 9% consensus. Among earnings of note, UnitedHealth (UNH), D. R. Horton (DHI), GE Aerospace (GE), and RTX (RTX) are reporting earnings better than consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7174 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 288 points. Gold futures are at $4806, silver futures are at $79. 02, and oil futures are at $86. 97. STOCK MARKET MOMO CROWD FOMO TRUMPS STRAIT CLOSURE, FIRING ON SHIPS, AND SHIP SEIZURE, WARSH’S LOGIC FOR RATE CUTS Apr 20, 2026 To gain an edge, this is what you need to know today. Fear Of Missing Out Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is pulling back in the early trade but is still above the magnet as of this writing. This is remarkable considering the following over the weekend: Iran closed the Strait of Hormuz. Iran fired on two Indian ships. The U. S. fired on an Iranian ship and seized it. President Trump said Vice President Vance and the U. S. team were heading to Pakistan on Sunday. However, Iranians refused to go to Pakistan for talks as long as there was a U. S. blockade. It appears that Vice President Vance is still in the U. S. On Sunday evening, stock futures opened lower than Friday’s close but significantly higher than anticipated based on the weekend’s events. Immediately after the open, the momo crowd aggressively bought stock futures. The chart shows the rally on Friday was also on low volume. This indicates a lack of conviction. RSI on the chart shows the stock market is very overbought and is showing early signs of turning down. This indicates a loss of internal momentum. Oil futures and stock futures have responded differently to weekend developments. Oil futures have sharply risen while stock futures have barely budged after momo crowd buying. Until recently during the Iran war, oil futures and stock futures have been correlated. Yesterday evening and this morning oil futures and stock futures are totally detached. In The Arora Report analysis, the reason is that oil futures are responding to the reality of what is happening, but stock futures are not. Why are stock futures so detached from reality? Here are the two reasons: The momo crowd is afflicted with extreme FOMO (fear of missing out). As is often the case, the momo crowd believes stonks are going to the moon, and they want to be onboard. Even prudent investors do not want to sell because of the history of optimistic posts from President Trump every time the stock market starts going down. Investors are waiting for another post from President Trump that may run up the stock market. Kevin Warsh’s confirmation hearing for Fed Chair is ahead. The whole hearing has been convoluted by the criminal case against Fed Chair Powell over building costs. The main question for investors is how will Warsh justify rate cuts in view of sticky inflation. In The Arora Report analysis, Warsh will likely say that AI is going to be very disinflationary, and thus rate cuts will be appropriate. Prudent investors should know that Wall Street en masse is issuing calls to buy stocks on the slightest dip. Stock market bears are totally demoralized. In The Arora Report analysis, historically, the foregoing behavior does not occur near bottoms and indicates more risk than generally believed. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are neutral in Apple (AAPL). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** buying stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7130 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are down 216 points. Gold futures are at $4832, silver futures are at $79. 73, and oil futures are at $87. 12. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AMD, ARM, BTCUSD, GOLD, INTC, MARKETS, NVDA, OIL, QQQ, SFTBY, SILVER, SPY, TSM By Nigam Arora To gain an edge, this is what you need to know today. Increased CPU Demand Please click here for a chart of Intel stock (INTC). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of INTC stock is being used to illustrate the point. The chart shows the jump up in INTC stock on earnings in the after hours yesterday. RSI on the chart shows INTC has returned to overbought, but the stock has more room to run. Going into earnings, whisper numbers on Intel had moved up. Intel beat even those higher whisper numbers. Stocks move based on the difference between reported earnings and whisper numbers. Whisper numbers are the numbers analysts privately share with their best clients and are different from the numbers the same analysts publish for public consumption. Intel has just reclaimed, after 26 years, the high of $75. 81 made in August 2000. In The Arora Report analysis, here is the most important point for prudent investors to know. As AI shifts to agentic AI, demand for CPUs will go even higher than the current high demand. The main reason behind Intel beating whisper numbers is high demand for CPUs for AI data centers. For AI training, demand for GPUs exploded, but demand for CPUs did not increase. Intel is not a major vendor of GPUs, and this is the reason INTC stock previously lagged. Is Intel the next Nvidia (NVDA)? Consider the following points: Nvidia is the major vendor of GPUs. Intel is a major vendor of CPUs. AI demand for GPUs is significantly higher than the demand for CPUs. No other company in the world comes even close to the capabilities of Nvidia GPUs. Intel has competition from Advanced Micro Devices (AMD) in CPUs. Some experts consider AMD CPUs to be better than Intel CPUs. Arm Holdings (ARM) is jumping into the business of making CPUs. Until now, Arm has simply been licensing its IP. Arm RISC architecture has major advantages over Intel’s CISC architecture. Arm is majority owned by Softbank (SFTBY) of Japan, and thus has the financial muscle to become a formidable competitor to Intel. For AI, Nvidia has a significant software moat that no other company comes close to. Intel does not have that advantage in AI. Nvidia does not manufacture its own chips, and thus is not distracted by issues related to manufacturing advanced AI chips. Taiwan Semiconductor (TSM) manufactures Nvidia’s chips. Intel has its own foundry. Intel just had a major event with Elon Musk’s Terafab deciding to use Intel’s 14A process. However, Intel’s 14A process is not mature and TSM is more advanced in semiconductor manufacturing processes. Nvidia is overowned. This is the reason that in spite of improving fundamentals, NVDA stock has had difficulty moving up at the same speed as other semiconductor stocks. When a stock is overowned, not many buyers are left to buy, even on good news, unless the stock breaks out. In contrast, Intel is underowned and thus has a significant pool of buyers who can step in to buy INTC stock. Most analysts already rate NVDA stock as a buy. The followers of these analysts have already bought NVDA stock. Until yesterday, most analysts did not have a buy rating on INTC stock. Now, as analysts rush to upgrade INTC, their followers will buy INTC stock. The momo crowd has just discovered INTC stock. The momo crowd does not do any deep analysis. The momo crowd primarily buys a stock because it is going up. When the momo crowd’s own buying moves a stock higher, it strengthens the momo crowd’s behavior and thinking they are geniuses, they buy more of the same stock. This momo crowd behavior can run a stock much higher than fundamentals justify or any prudent investor would think. NVDA is in the ZYX Buy Core Model Portfolio, long from an average of $12. 55. As of this writing in the premarket, members of The Arora Report have a gain of 1498%. INTC is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio, long from an average of $19. 05. As of this writing in the premarket, members of The Arora Report have a gain of 348%. The U. S. government bought INTC stock at $20. 47, and now has a paper gain of over $37B. There is optimism about an Iran deal for the following reasons: There are reports that Iran may have only two to five days of oil storage capacity left. This is going to force Iran’s hand to give concessions and strike a deal with the U. S. Iran’s power struggle has resolved in favor of a hardliner stance. Paradoxically, with a unified Iran, this increases the probability of a deal. Iran’s foreign minister is going to visit Pakistan. University of Michigan consumer sentiment will be released at 10am ET and may be market moving. As a reminder, University of Michigan data previously showed consumer sentiment hit a 74 year low. Unless consumer sentiment starts rising, consumer sentiment is a red flag on the other side of the stock market momo crowd’s giddiness. Prudent investors need to look ahead. Pension funds and some other institutions will be doing month end rebalancing. In The Arora Report analysis, rebalancing will involve selling tens of billions of dollars of stocks. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market ***. Today is a Friday. Fridays tend to have short squeezes, putting additional upward pressure on the market. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7168 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are down 60 points. Gold futures are at $4720, silver futures are at $75. 86, and oil futures are at $95. 68. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, IGV, INTC, MARKETS, NOW, OIL, QQQ, SILVER, SOXL, SPY, TSLA By Nigam Arora To gain an edge, this is what you need to know today. Iran Breakthrough Please click here for a chart of leveraged semiconductor ETF (SOXL). Note the following: The trendline on the chart shows an extraordinarily steep rise in leveraged semiconductor ETF (SOXL). The ETF has moved from a low of around $40 to $107. 06 as of this writing in the premarket. This is a 168% rise in a very short time. The chart shows that RSI is at 100, the most overbought it can be. The momo crowd continues to pile into SOXL. The reason is that semiconductors are not impacted by the Iran war. In addition to the momo crowd, the meme crowd is also piling into SOXL. For prudent investors, SOXL provides an important indication of the extreme positive sentiment. As a member of The Arora Report, you have been ahead of the curve. We have been sharing with you for a while that software stocks have a structural problem due to AI. Software ETF IGV has staged a major bounce from the lows. Now, there is another setback. ServiceNow (NOW), a major software stock, reported good earnings after the market close, but the stock has experienced significant selling so far due to lower margins. The market is interpreting it as AI hurting software stocks instead of helping software stocks. Tesla (TSLA) reported good earnings after the market close. Initially, TSLA stock went higher but pulled back when CEO Elon Musk said capex will surge to $25B. The reveal of humanoid robot Optimus 3 is now scheduled for the second half of 2026. Intel (INTC) finally has a customer for its 14A process. The customer is Musk’s Terafab. INTC stock jumped on the news. INTC stock has been ripping lately. Intel will report earnings after the market close. Investors should carefully watch to see if the optimism is justified. INTC is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. INTC is long from an average of $19. 05. It is trading at $66. 45 as of this writing in the premarket. This represents a gain of 249%. As of this writing, significant buying is coming into the stock market on a report that there might be a breakthrough with Iran. Even though a ceasefire is in place with Iran, tensions at sea are rising. The U. S. has intercepted an Iranian supertanker outside of the Persian Gulf. Iran has seized two ships. The Pentagon says that clearing mines from the Strait of Hormuz may take six months. Of course, mine clearing cannot start until the war ends. Prudent investors should note that this means disruptions in global trade for a long time. Initial jobless claims will be released at 8:30am ET. Consensus is 212K. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Apple (AAPL). In the early trade, money flows are neutral in Amazon (AMZN) and Nvidia (NVDA). In the early trade, money flows are negative in Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7156 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are down 229 points. Gold futures are at $4729, silver futures are at $75. 47, and oil futures are at $93. 20. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BA, BTCUSD, GEV, GOLD, MARKETS, OIL, QQQ, SILVER, SPX, SPY, T By Nigam Arora To gain an edge, this is what you need to know today. Extremely Positive Sentiment Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market is seeing buying in the early trade. The chart shows the volume on the rally remains low, indicating lack of conviction. RSI on the chart shows that even though the stock market is going up, it is losing internal momentum. As a member of The Arora Report, you were ahead of the curve. The headline of yesterday’s Morning Capsule published before the market open read in part “INVESTORS CONVINCED OF IRAN DEAL BUT OBLIVIOUS TO POWER STRUGGLE. ” We wrote: Investors are convinced that a deal with Iran is at hand. However, investors are oblivious to the power struggle taking place in Iran. Moderates in Iran want to make a peace deal. Hardliners in Iran believe that Iran has an upper hand and do not want to give into U. S. demands. After the market closed yesterday, President Trump referred to the power struggle in Iran as the reason for extending the ceasefire by saying “the Government of Iran is seriously fractured. ” President Trump said the U. S. will hold off “Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal. ” It appears that moderates in Iran were ready to go to Pakistan for talks with the U. S. but hardliners won the power struggle and ultimately Iran decided to not go to Pakistan for talks with the U. S. First, the stock market dropped on the news, but then jumped up when President Trump announced he was extending the ceasefire indefinitely in response to Iran’s refusal to talk. In The Arora Report analysis, the U. S. blockade will ultimately bring Iran to the table. The reason is that the storage in Iran will soon get filled and Iran would have already sold its oil that is on the water. The stock market momo crowd has gone giddy on President Trump indefinitely extending the ceasefire. The momo crowd is extremely aggressive buying semiconductor stocks, AI stocks, and speculative stocks. Stock market sentiment has turned extremely positive. As a reminder, extremely positive sentiment is a contrary signal, i. e. a sell signal. However, sentiment is not a precise timing indicator. Sentiment can stay extremely positive for a long time. Here are the guidelines for prudent investors: Do not initiate strategic positions when sentiment is extremely positive. Take partial profits on tactical positions when sentiment is extremely positive. On March 30, 2026, The Arora Report provided complete Model Portfolio updates in ZYX Buy, ZYX Allocation, and ZYX Emerging. Many positions were in the buy zones or had Buy Now ratings of YES. Hindsight shows March 30 turned out to be the exact low of this stock market cycle. Yesterday, The Arora Report gave a signal to take partial profits on tactical positions established at the very bottom as the stock market has sharply run up. Initiate strategic and tactical positions when sentiment is extremely negative. Among important earnings, Boeing (BA) and GE Vernova GEV) reported earnings better than consensus. AT&T (T) reported earnings worse than consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a draw of 4. 4M barrels vs. a consensus of a draw of 1M barrels. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing aggressive buying on the ceasefire. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7144 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 315 points. Gold futures are at $4768, silver futures are at $77. 80, and oil futures are at $90. 95. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAPL, AMZN, BTCUSD, DHI, GE, GOLD, MARKETS, OIL, QQQ, RTX, SILVER, SPX, SPY, UNH By Nigam Arora To gain an edge, this is what you need to know today. Power Struggle In Iran Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market continues to levitate well above the magnet. The chart shows that volume yesterday was even lower on a micro pullback. This indicates that investors do not want to sell. As a member of The Arora Report, you were already ahead of the curve. In yesterday’s Morning Capsule before the stock market opened, we wrote: The momo crowd is afflicted with extreme FOMO (fear of missing out). As is often the case, the momo crowd believes stonks are going to the moon, and they want to be onboard. Even prudent investors do not want to sell because of the history of optimistic posts from President Trump every time the stock market starts going down. Investors are waiting for another post from President Trump that may run up the stock market. RSI on the chart shows the stock market is very overbought. Investors are convinced that a deal with Iran is at hand. However, investors are oblivious to the power struggle taking place in Iran. Moderates in Iran want to make a peace deal. Hardliners in Iran believe that Iran has an upper hand and do not want to give into U. S. demands. Investors are paying attention to optimistic statements from President Trump but are ignoring statements from President Trump saying that he is unlikely to renew the ceasefire and is in no rush to end the war. Among hardliners in Iran, Senior Commander Ali Abdollahi is saying that Iran has the upper hand militarily and Iran will not allow President Trump to create a false narrative over the situation on the ground. China is the biggest customer of Iran’s oil. President Trump is angling for China to pressure Iran to accept a deal. In The Arora Report analysis, in the end it will come down to what President Trump is willing to accept and declare victory. With Tim Cook stepping down, a new era has begun at Apple (AAPL). Prudent investors should note that at a time when Apple has fallen behind in the AI race, Apple has chosen John Ternus, who is a hardware expert, not an AI or software expert. There are obvious risks to Apple by not picking an AI expert as the CEO, but here are the potential positives that may come out of this decision: Apple may usher in a new era of hardware innovations, just like what happened under Steve Jobs. Apple may not need to spend billions of dollars on AI like other Mag7 companies. There is potential for the narrative about Apple to change. If the narrative changes, AAPL stock can quickly move to The Arora Report’s very long term target of $426 - $434. AAPL is in the ZYX Buy Core Model Portfolio, long from $4. 68. AAPL stock is trading at $271. 78 as of this writing in the premarket, representing a gain of 5707%. Amazon (AMZN) is pushing deeper into AI with a new deal with Anthropic. Amazon is investing an additional $5 billion in Anthropic and plans to invest up to $20B tied to milestones. In return, Anthropic plans to spend $100B on compute from AWS. Prudent investors closely watch retail sales data as the U. S. economy is 70% consumer based. Retail sales came hotter than expected. American consumers continue to spend. Here is the latest retail sales data: March headline retail sales came at 1. 7% vs. 1. 3% consensus. March retail sales ex-auto came at 1. 9% vs. 0. 9% consensus. Among earnings of note, UnitedHealth (UNH), D. R. Horton (DHI), GE Aerospace (GE), and RTX (RTX) are reporting earnings better than consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7174 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 288 points. Gold futures are at $4806, silver futures are at $79. 02, and oil futures are at $86. 97. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 By Nigam Arora Every investor wants to make outsized returns with low risk, but very few know how to do it consistently. That gap is not about intelligence. It is about having the right framework. We are receiving a large number of questions from investors as to how The Arora Report made such near perfect calls during the Iran war and how they can use the same approach to generate outsized returns for themselves. The Iran war provided a real time, high stakes test. The Arora Report’s spot on, date stamped calls during this period show exactly how disciplined investors can protect capital, buy at the right time, and position ahead of major moves. How The Process Works In Real Time Please click here to see the chart that shows the sequence. The chart shows how signals were given step-by-step in real time. For ease of comprehension, only some of the signals are shown on the chart. To see all signals, scroll through the Real Time Feeds for the date stamped posts. The Arora Report is 100% transparent, and all signals are available in the Real Time Feeds. Step 1 — Raise Cash And Hedges Before Risk Events As shown on the chart, The Arora Report raised cash and hedges one day before the Iran war began. In real world investing, it does not get any better than this. As shown on the chart, the market declined sharply during the conflict, exactly in line with historical patterns where geopolitical shocks lead to rapid selloffs and volatility. Step 2 — Identify The Arora Support Zone The Arora support zone was identified well in advance. The chart shows the market entering the Arora support zone, stopping at the lower band, and then reversing to the upside, staging a sharp rally. Sharp eyed investors have noted that the Arora support zone worked precisely, while widely followed Wall Street levels failed. Step 3 — Buy At The Lows As the market reached the support zone, buy zones and Buy Now ratings were issued in complete Model Portfolio updates in ZYX Buy, ZYX Allocation, and ZYX Emerging on March 30. At the time the buy signals were given, there was significant, almost panic-like selling as shown on the chart. As shown on the chart, hindsight confirms Arora buy signals were given at the stock market low. The chart shows accumulation at the lows. Step 4 — Take Profits On Hedges Near the lows, signals were given to take profits on hedges. The chart shows this transition as the market began to turn. Arora signals to take profits on hedges were given on March 31 and April 1, right near the lows. Step 5 — Deploy Cash Before The Sharp Rally After stabilization, signals were given to deploy additional cash into stocks and ETFs. The chart shows positioning ahead of the steepest phase of the rally. What This Means For You The process is sequential and disciplined: raise protection, identify zones, buy at lows, take profits on hedges, then deploy cash. This is a repeatable process backed by a nearly two decade track record. The Arora Edge — Turning Precision Into Outsized Returns Thousands of investors experienced these signals in real time. Those who followed the Arora Protection Band with discipline did not just protect capital, they compounded it. The combination of strategic macro calls and tactical execution has enabled investors to significantly outperform the indexes over time. Across multiple market cycles, this disciplined process has led to returns that can be several multiples of passive index investing. Stop Guessing — Take Control With The Dynamic Arora Protection Band It is important for investors to look ahead, not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is dynamic and continuously adapts to changing market conditions. It brings together all data, indicators, news, crosscurrents, models, and analysis into a single, decisive framework that can be acted on in real time. This is not static allocation. This is active, adaptive positioning. Investors can determine their protection band by combining cash and hedges. The high band is for those who are older or more conservative and want maximum protection. The low band is for those who are younger or more aggressive and want to lean into opportunity. For those who do not hedge, total cash levels should be higher than the stated bands but still significantly lower than cash plus hedges. A protection band of 0% is aggressively bullish and signals full investment with no cash. A protection band of 100% is aggressively bearish and signals the need for maximum protection through cash, hedges, or aggressive short selling. The difference between average investors and top performing investors is not access to information. It is the ability to act decisively with a disciplined, proven framework. The Arora Protection Band provides that edge. Exact levels of the Arora Protection Band are dynamic and are available only to paying members of The Arora Report. Adaptive Asset Allocation Model Is The Secret The secret behind nearly two decades of success of the Arora Protection Band and the most accurate strategic and tactical market calls is the adaptive ZYX Asset Allocation Model. Adaptive means the model continuously adjusts itself to changing market conditions. Please click here to see how adaptiveness is achieved. Most models on Wall Street are static. They work for a period of time and then stop working. This adaptiveness is what has driven consistent success over nearly two decades. The ZYX Asset Allocation Model incorporates inputs across 10 categories, integrating macro, technicals, fundamentals, quantitative signals, money flows, sentiment, and other critical factors into a unified framework. Please click here to see the 10 categories of inputs. This is the engine behind the Arora Protection Band. This is the edge that allows investors to stay ahead of the market. Follow the framework, and execute with discipline. Position ahead of the next major move. What Stands Between You And Outsized Returns Most investors have never been shown a disciplined, repeatable process. Many have been conditioned by Wall Street to believe they cannot beat the market. In reality, many investors are fully capable. They simply lack the right system. The Arora Report provides that system. Full Transparency — No Marketing Gimmicks Thousands of investors have benefited from The Arora Report’s calls and the Arora Protection Band in real time. Sophisticated investors, investment advisors, and money managers stay with The Arora Report for years and often for a lifetime. The reason is simple -- they generate outsized returns with low risk. As a new member, you can verify this for yourself. When you become a member, you get access to full date stamped archives that are easily searchable by ticker symbol. Every call is recorded in real time, documented, and available for you to review. You can see everything, the good, the bad, and the ugly. There is no other resource like The Arora Report. No other service provides this many edges in a systematic, disciplined framework. Please click here to see real reviews by real members. Take The Next Step The next step toward systematically make outsized returns while reducing risk is simple. Start a 30-day free trial. See the signals in real time. See the process in action. Decide for yourself. To take a free 30-day trial, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAL, ASML, BAC, BE, BLK, BTCUSD, C, DIA, DJIA, GDX, GLD, GOLD, GS, JPM, MARKETS, MS, nflx, NVDA, OIL, ORCL, QQQ, SILVER, SLV, SNDK, SPX, SPY, TBF, TBT, TEAM, TSM, UAL, USO, WFC By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' EXTREMELY AGGRESSIVE STOCK MARKET BUYING ON STRAIT OF HORMUZ OPENING, TRUMP SAYS INFLATION IS FAKE Apr 17, 2026 To gain an edge, this is what you need to know today. Strait Of Hormuz Open Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is now above the magnet. As a member of The Arora Report, you have been ahead of the curve. In the Morning Capsule on April 13, we wrote: Supporting the stock market this week will be $30B - $40B of buying by Commodity Trading Advisors (CTAs). CTAs tend to be systematic, algorithmic driven, trend followers. They are going to buy because the trend has reversed from negative to positive. Most CTAs do not analyze the market, other than the trend. In The Arora Report analysis, CTAs have already exceeded our buying estimate. In the early trade, buying continued in the stock market in anticipation of more CTAs buying and more short squeeze. In the early trade, buying in stocks picked up on a report that Iran has agreed to give up its enriched uranium, and in return, the U. S. will unfreeze $20B of Iranian assets. President Trump has said that a deal is close and an extension to the ceasefire may not be necessary. On top of already aggressive buying, buying has spiked even higher as of this writing on Iran Foreign Minister Araghchi saying the Strait of Hormuz is now completely open. In the middle of this euphoria, prudent investors should note the following from the chart: RSI indicates the stock market is extremely overbought. Overbought markets tend to be vulnerable to a pullback. The chart shows the volume yesterday was even lower than the day before. Low volume is indicative of the stock market running up on mechanical buying based on CTA algorithms and short squeeze without deep analysis. In The Arora Report analysis, looking ahead, there is a potential trigger for a new leg up in the stock market. President Trump is calling inflation fake. He is pivoting from the war to affordability. President Trump knows affordability is a huge issue for the midterm election. If President Trump’s inflation narrative takes hold, it will drive the stock market higher. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is positive but can quickly turn ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7112 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 534 points. Gold futures are at $4844, silver futures are at $80. 38, and oil futures are at $86. 89. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. MASSIVE SHORT SQUEEZE LEADS STOCK MARKET TO NEW HIGHS – HERE IS WHAT IS AHEAD, SEMIS ARE A TELL Apr 16, 2026 To gain an edge, this is what you need to know today. Watch Semiconductors Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has hit a new high and is now right at the magnet. In The Arora Report analysis, the biggest driver of the rally yesterday was a massive short squeeze. The magnet shown on the chart will temporarily act as resistance. Here is the key question for investors: What is next? To answer the question, start with Arora’s Second Law of Investing and Trading, which states, “Nobody knows with certainty what is going to happen next in the markets. ” Follow it with Arora’s Third Law, which states, “Making investing and trading decisions based on probabilities is the only realistic and profitable approach. ” We depend on the adaptive ZYX Asset Allocation Model with inputs in ten categories. Here are the factors that are worth mentioning: So far as of this writing, the short squeeze is not showing signs of ending. This means the short squeeze can carry the stock market further. Note that the situation can change very quickly. After the short squeeze ends, if there is no other trigger to the upside, the stock market can pull back. Potential upside triggers include earnings better than whisper numbers, a great deal with Iran, inflation coming down, and anticipation of the new Fed chair succeeding at cutting interest rates. After the short squeeze ends, if there are negative triggers, there can be a major pullback. Potential negative triggers include a stalemate with Iran, inflation heating up, earnings not meeting very high expectations, President Trump’s China visit disappointing, and a realization that AI capex is overdone. Prudent investors should note that consumer sentiment has hit a 74 year low at a time when the stock market is making a new high. Investors should consider not locking themselves into a bullish or bearish opinion, but instead being data dependent. In The Arora Report analysis, investors should watch semiconductors as a tell. This morning, Taiwan Semiconductor (TSM) reported earnings better than whisper numbers. TSM is important because TSM manufactures most of the advanced AI chips including Nvidia’s (NVDA) Blackwell chips. In the early trade, in spite of stellar earnings, TSM stock is being sold. Yesterday, we shared with you the importance of ASML earnings. ASML is important because without its extreme ultraviolet lithography machines, today’s advanced semiconductors would not be possible. After the initial drop, ASML stock was pulled up in general market euphoria, but the ASML rally attempt failed. Yesterday, general stock market euphoria pulled NVDA stock above the psychological resistance level of $200, but NVDA stock was not able to sustain the rally and pulled back. Initial jobless claims came at 207K vs. 215K consensus. This indicates the jobs picture is stable. Netflix (NFLX) is among important earnings to be released after the close. NFLX is in ZYX Buy and there are nice gains on the position. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META), Microsoft (MSFT), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are neutral in Amazon (AMZN) and Alphabet (GOOG). In the early trade, money flows are negative in Nvidia (NVDA). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7071 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 6780, 6600, and 6481. DJIA futures are up 118 points. Gold futures are at $4835, silver futures are at $79. 14, and oil futures are at $91. 88. AVOID THE CLASSIC MISTAKE MANY INVESTORS ARE MAKING NOW – IRAN WAR ‘CLOSE TO OVER’ Apr 15, 2026 To gain an edge, this is what you need to know today. Ahead Of The Curve Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market has now moved above the upper band of zone 1. Zone 1 was previously resistance and is now support. The chart shows the stock market is now close to the magnet. The chart shows the volume on the rally has remained low. RSI on the chart shows the stock market is very overbought. Overbought markets tend to be vulnerable to a selloff. President Trump is saying the Iran war is “close to over. ” Many investors are aggressively buying now after President Trump’s statement. Such investors feel that now it is all clear. Buying here is a classic mistake for the following reasons: The stock market is very overbought. It is near the magnet. Volume is low. It is after a major rally. The right course of action is to buy either on a pullback or on a decisive break above the magnet. Interestingly, investors who are buying now are the same investors who were selling when the stock market was hitting recent lows near the low band of zone 2 (support). The reaction of these investors is understandable because they were protecting themselves when the stock market went lower than they expected. Now, they are buying because they feel it is all clear. Prudent investors need to know that markets always move before it is all clear, as shown on the chart. Prudent investors also need to have access to a structured, dynamic system with a long track record in both bull and bear markets such as the Arora Protection Band so that decisions are well grounded in data, history, and 360 degree forward looking analysis. The Arora Protection Band raised cash and hedges one day before the war started. In real life it does not get any more perfect. Then The Arora Report started deploying cash well before the steepest part of the market rise. Among notable earnings today Bank of America (BAC) reported earnings better than whisper numbers. BAC is in the ZYX Buy Core Model Portfolio, long from an average of $7. 69. BAC is trading at $54. 19 as of this writing in the premarket, representing a gain of 605%. Another important earning today is from Dutch company ASML (ASML). ASML is the undisputed leader in extreme ultraviolet lithography machines. Without ASML’s machines, none of the advanced AI chips could have been manufactured. ASML beat earnings and revenue consensus and whisper numbers but is guiding Q2 revenue below consensus. Guidance for FY26 is inline. During this rally, semiconductors have been the hottest sector. The rally in semiconductors has been driven mostly by a short squeeze and extremely aggressive momo crowd buying. The momo crowd believes the AI trade is finally back again. After ASML earnings, how semiconductors respond today will be an important tell. Nvidia (NVDA) stock has finally been rallying over the last few days. NVDA closed at $196. 51. As of this writing In the premarket, NVDA is trading at $195. 51 due to ASML earnings. The psychological resistance level of $200 is ahead. How NVDA stock behaves around the psychological resistance will also be a tell. The Fed’s Beige Book will be released at 2pm ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META), Microsoft (MSFT), and Tesla (TSLA). In the early trade, money flows are neutral in Apple (AAPL) and Amazon (AMZN). In the early trade, money flows are negative in Alphabet (GOOG) and Nvidia (NVDA). In the early trade, money flows are neutral in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a build of 6. 1M barrels vs. a consensus of a draw of 1. 3M barrels. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Among bitcoin (BTC. USD) bulls, there is a lot of bullishness, and they believe bitcoin will reach $100K shortly. The bullishness is driven by President Trump’s comments on the end of the Iran war. This once again shows bitcoin is not a hedge, as has been promoted, but is a highly speculative risk asset. Bitcoin is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7007 as of this writing. S&P 500 futures resistance levels are 7200,7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 39 points. Gold futures are at $4833, silver futures are at $78. 85, and oil futures are at $92. 15. TRUMP COMMENT TRIGGERS MASSIVE SHORT SQUEEZE – STOCK MARKET DEEP INTO RESISTANCE ZONE; JPMORGAN WARNS OF RISKS Apr 14, 2026 To gain an edge, this is what you need to know today. Massive Short Squeeze Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market moved from below zone 1 (resistance) to near the top band of zone 1 in one day on a massive short squeeze. The chart shows volume was low yesterday on the big move up. RSI on the chart shows the stock market is extremely overbought. The short squeeze was triggered by President Trump’s statement that Iran was calling to make a deal. Producer Price Index (PPI) came cooler than expected. The consensus was based on a spike in energy prices due to the Iran war, but the spike in energy prices has been offset by declining prices in food and trade margins. Here are the details: Headline PPI came at 0. 5% vs. 1. 2% consensus. Core PPI came at 0. 1% vs. 0. 4% consensus. Even though the stock market keeps running up, JPMorgan (JPM) is warning of growing risks. When JPMorgan warns, investors should listen because JPMorgan has a pulse on the economy and has more data than anyone else. Two big banks, JPMorgan and Wells Fargo (WFC) reported earnings less than whisper numbers, while Citigroup (C) reported earnings better than whisper numbers. JPM is long from an average of $34. 14 and is in the ZYX Buy Core Model Portfolio. JPM is trading at $310. 03 as of this writing in the premarket, representing a gain of 808%. C is also in the ZYX Buy Core Model Portfolio and is long from an average of $33. 80. C is trading at $128. 23 as of this writing in the premarket, representing a gain of 279%. Fuel cell technology to power AI data centers has received a vote of confidence. Oracle (ORCL) will buy up to 2. 8 gigawatts of Bloom Energy’s fuel cell systems to power its AI data centers. BE is long from an average of $118. 50 in ZYX Buy and is currently trading at $198. 83 as of this writing in the premarket, for a gain of 68%. United Airlines (UAL) is exploring a merger with American Airlines (AAL). In the past, such a merger would face a major regulatory hurdle, but the Trump administration may be open to it. If it takes place, the merger will form the largest airline in the world. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6940 as of this writing. S&P 500 futures resistance levels are 7000, 7200, and 7500 : support levels are 6780, 6600, and 6481. DJIA futures are up 21 points. Gold futures are at $4791, silver futures are at $77. 68, and oil futures are at $96. 05. U. S. -IRAN ATTRITION GAME BEGINS – WHAT STOCK MARKET INVESTORS NEED TO KNOW; CONSUMER SENTIMENT HITS 74 YEAR LOW Apr 13, 2026 To gain an edge, this is what you need to know today. Game Of Attrition Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has now pulled back below the low band of zone 1 (resistance). The reaction shown on the chart to the news of failure of Iran talks and President Trump’s response to blockade the Strait of Hormuz is very muted. On Sunday evening when futures opened lower, the momo crowd aggressively bought the dip. The chart shows that on Friday, the volume was even lower than the recent low volumes on the rally. This indicates a lack of conviction. Stock market bears are disappointed as they were predicting a much bigger pullback if Iran talks failed. In The Arora Report analysis, on the surface stock market bears’ logic seems justified, especially since the stock market rally has been so strong. However, when we look at what happened in the peace talks in the framework of Theory ZYX, eight elements of the X- and Y-axis were in alignment between Iran and the U. S. It is the four elements of the Z-axis where the talks failed. The elements of the Z-axis are easy to rectify if both the U. S. and Iran are determined. Investors should consider the Iran talks not as a failure, but as the first step in a multi-step negotiating process. In The Arora Report analysis, for the time being, it is now an attrition game between the U. S. and Iran. Until now, President Trump did everything he could to bring Iran to its knees with the exception of blockading the Strait of Hormuz. Iran did not have the naval strength to break the blockade even before its navy was destroyed during the war. Without oil exports, Iran would have been brought to its knees very quickly. The reason President Trump did not choose the blockade early on is that it would have meant higher gas prices in the U. S. President Trump is focused on keeping gas prices low for American consumers. Higher gas prices risk Republicans losing the midterm election. With an eye on oil prices, President Trump went the other way – he allowed Iranian oil at sea to be sold, and he gave India an exemption to buy Iranian oil. Iran cannot sustain its economy without oil exports. In the short term, prudent investors need to know that during the war, Iran exported an average of 1. 85M barrels of crude per day. This is a hundred thousands barrels per day more than Iran exported in the prior three months. Iran was raking in more cash during the war than before. Now, Iran has more cushion than it had before the war started. Now it comes down to who can hang in there longer – the U. S. with rising gas prices and upcoming midterm elections or Iran with a risk to its economy. Objective, ongoing analysis will make a huge difference for investors. Supporting the stock market this week will be $30B - $40B of buying by Commodity Trading Advisors (CTAs). CTAs tend to be systematic, algorithmic driven, trend followers. They are going to buy because the trend has reversed from negative to positive. Most CTAs do not analyze the market, other than the trend. The markets always have crosscurrents. On Friday, University of Michigan consumer sentiment came at a 74 year low – the lowest in the history of the survey. Nasdaq 100 is rebalancing, adding Sandisk (SNDK) to replace Atlassian (TEAM). SNDK will be added prior to the stock market open on April 20. Produce Price Index (PPI) will be released tomorrow at 8:30am ET. Earnings season has started with Goldman Sachs (GS) earnings today. GS earnings are below whisper numbers. Earnings from JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK), and Citigroup (C) are tomorrow morning. Bank of America (BAC) and Morgan Stanley (MS) will report Wednesday morning. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Microsoft (MSFT). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** but can quickly change based on Iran war related news. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing mild selling. Markets Interest rates and bonds are range bound. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6823 as of this writing. S&P 500 futures resistance levels are 7000, 7200, and 7500 : support levels are 6780, 6600, and 6481. DJIA futures are down 425 points. Gold futures are at $4746, silver futures are at $74. 08, and oil futures are at $103. 60. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Strait Of Hormuz Open Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is now above the magnet. As a member of The Arora Report, you have been ahead of the curve. In the Morning Capsule on April 13, we wrote: Supporting the stock market this week will be $30B - $40B of buying by Commodity Trading Advisors (CTAs). CTAs tend to be systematic, algorithmic driven, trend followers. They are going to buy because the trend has reversed from negative to positive. Most CTAs do not analyze the market, other than the trend. In The Arora Report analysis, CTAs have already exceeded our buying estimate. In the early trade, buying continued in the stock market in anticipation of more CTAs buying and more short squeeze. In the early trade, buying in stocks picked up on a report that Iran has agreed to give up its enriched uranium, and in return, the U. S. will unfreeze $20B of Iranian assets. President Trump has said that a deal is close and an extension to the ceasefire may not be necessary. On top of already aggressive buying, buying has spiked even higher as of this writing on Iran Foreign Minister Araghchi saying the Strait of Hormuz is now completely open. In the middle of this euphoria, prudent investors should note the following from the chart: RSI indicates the stock market is extremely overbought. Overbought markets tend to be vulnerable to a pullback. The chart shows the volume yesterday was even lower than the day before. Low volume is indicative of the stock market running up on mechanical buying based on CTA algorithms and short squeeze without deep analysis. In The Arora Report analysis, looking ahead, there is a potential trigger for a new leg up in the stock market. President Trump is calling inflation fake. He is pivoting from the war to affordability. President Trump knows affordability is a huge issue for the midterm election. If President Trump’s inflation narrative takes hold, it will drive the stock market higher. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7112 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 534 points. Gold futures are at $4844, silver futures are at $80. 38, and oil futures are at $86. 89. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, nflx, NVDA, OIL, QQQ, SILVER, SPX, SPY, TSM By Nigam Arora To gain an edge, this is what you need to know today. Watch Semiconductors Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has hit a new high and is now right at the magnet. In The Arora Report analysis, the biggest driver of the rally yesterday was a massive short squeeze. The magnet shown on the chart will temporarily act as resistance. Here is the key question for investors: What is next? To answer the question, start with Arora’s Second Law of Investing and Trading, which states, “Nobody knows with certainty what is going to happen next in the markets. ” Follow it with Arora’s Third Law, which states, “Making investing and trading decisions based on probabilities is the only realistic and profitable approach. ” We depend on the adaptive ZYX Asset Allocation Model with inputs in ten categories. Here are the factors that are worth mentioning: So far as of this writing, the short squeeze is not showing signs of ending. This means the short squeeze can carry the stock market further. Note that the situation can change very quickly. After the short squeeze ends, if there is no other trigger to the upside, the stock market can pull back. Potential upside triggers include earnings better than whisper numbers, a great deal with Iran, inflation coming down, and anticipation of the new Fed chair succeeding at cutting interest rates. After the short squeeze ends, if there are negative triggers, there can be a major pullback. Potential negative triggers include a stalemate with Iran, inflation heating up, earnings not meeting very high expectations, President Trump’s China visit disappointing, and a realization that AI capex is overdone. Prudent investors should note that consumer sentiment has hit a 74 year low at a time when the stock market is making a new high. Investors should consider not locking themselves into a bullish or bearish opinion, but instead being data dependent. In The Arora Report analysis, investors should watch semiconductors as a tell. This morning, Taiwan Semiconductor (TSM) reported earnings better than whisper numbers. TSM is important because TSM manufactures most of the advanced AI chips including Nvidia’s (NVDA) Blackwell chips. In the early trade, in spite of stellar earnings, TSM stock is being sold. Yesterday, we shared with you the importance of ASML earnings. ASML is important because without its extreme ultraviolet lithography machines, today’s advanced semiconductors would not be possible. After the initial drop, ASML stock was pulled up in general market euphoria, but the ASML rally attempt failed. Yesterday, general stock market euphoria pulled NVDA stock above the psychological resistance level of $200, but NVDA stock was not able to sustain the rally and pulled back. Initial jobless claims came at 207K vs. 215K consensus. This indicates the jobs picture is stable. Netflix (NFLX) is among important earnings to be released after the close. NFLX is in ZYX Buy and there are nice gains on the position. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META), Microsoft (MSFT), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are neutral in Amazon (AMZN) and Alphabet (GOOG). In the early trade, money flows are negative in Nvidia (NVDA). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7071 as of this writing. S&P 500 futures resistance levels are 7200, 7500, and 7700 : support levels are 6780, 6600, and 6481. DJIA futures are up 118 points. Gold futures are at $4835, silver futures are at $79. 14, and oil futures are at $91. 88. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ASML, BAC, BTCUSD, GOLD, MARKETS, NVDA, OIL, QQQ, SILVER, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Ahead Of The Curve Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market has now moved above the upper band of zone 1. Zone 1 was previously resistance and is now support. The chart shows the stock market is now close to the magnet. The chart shows the volume on the rally has remained low. RSI on the chart shows the stock market is very overbought. Overbought markets tend to be vulnerable to a selloff. President Trump is saying the Iran war is “close to over. ” Many investors are aggressively buying now after President Trump’s statement. Such investors feel that now it is all clear. Buying here is a classic mistake for the following reasons: The stock market is very overbought. It is near the magnet. Volume is low. It is after a major rally. The right course of action is to buy either on a pullback or on a decisive break above the magnet. Interestingly, investors who are buying now are the same investors who were selling when the stock market was hitting recent lows near the low band of zone 2 (support). The reaction of these investors is understandable because they were protecting themselves when the stock market went lower than they expected. Now, they are buying because they feel it is all clear. Prudent investors need to know that markets always move before it is all clear, as shown on the chart. Prudent investors also need to have access to a structured, dynamic system with a long track record in both bull and bear markets such as the Arora Protection Band so that decisions are well grounded in data, history, and 360 degree forward looking analysis. The Arora Protection Band raised cash and hedges one day before the war started. In real life it does not get any more perfect. Then The Arora Report started deploying cash well before the steepest part of the market rise. Among notable earnings today Bank of America (BAC) reported earnings better than whisper numbers. BAC is in the ZYX Buy Core Model Portfolio, long from an average of $7. 69. BAC is trading at $54. 19 as of this writing in the premarket, representing a gain of 605%. Another important earning today is from Dutch company ASML (ASML). ASML is the undisputed leader in extreme ultraviolet lithography machines. Without ASML’s machines, none of the advanced AI chips could have been manufactured. ASML beat earnings and revenue consensus and whisper numbers but is guiding Q2 revenue below consensus. Guidance for FY26 is inline. During this rally, semiconductors have been the hottest sector. The rally in semiconductors has been driven mostly by a short squeeze and extremely aggressive momo crowd buying. The momo crowd believes the AI trade is finally back again. After ASML earnings, how semiconductors respond today will be an important tell. Nvidia (NVDA) stock has finally been rallying over the last few days. NVDA closed at $196. 51. As of this writing In the premarket, NVDA is trading at $195. 51 due to ASML earnings. The psychological resistance level of $200 is ahead. How NVDA stock behaves around the psychological resistance will also be a tell. The Fed’s Beige Book will be released at 2pm ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META), Microsoft (MSFT), and Tesla (TSLA). In the early trade, money flows are neutral in Apple (AAPL) and Amazon (AMZN). In the early trade, money flows are negative in Alphabet (GOOG) and Nvidia (NVDA). In the early trade, money flows are neutral in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) buying in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a build of 6. 1M barrels vs. a consensus of a draw of 1. 3M barrels. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Among bitcoin (BTC. USD) bulls, there is a lot of bullishness, and they believe bitcoin will reach $100K shortly. The bullishness is driven by President Trump’s comments on the end of the Iran war. This once again shows bitcoin is not a hedge, as has been promoted, but is a highly speculative risk asset. Bitcoin is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 7007 as of this writing. S&P 500 futures resistance levels are 7200,7500, and 7700 : support levels are 7000, 6780, and 6600. DJIA futures are up 39 points. Gold futures are at $4833, silver futures are at $78. 85, and oil futures are at $92. 15. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: AAL, BE, BTCUSD, C, GOLD, JPM, MARKETS, OIL, ORCL, QQQ, SILVER, SPX, SPY, UAL, WFC By Nigam Arora To gain an edge, this is what you need to know today. Massive Short Squeeze Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market moved from below zone 1 (resistance) to near the top band of zone 1 in one day on a massive short squeeze. The chart shows volume was low yesterday on the big move up. RSI on the chart shows the stock market is extremely overbought. The short squeeze was triggered by President Trump’s statement that Iran was calling to make a deal. Producer Price Index (PPI) came cooler than expected. The consensus was based on a spike in energy prices due to the Iran war, but the spike in energy prices has been offset by declining prices in food and trade margins. Here are the details: Headline PPI came at 0. 5% vs. 1. 2% consensus. Core PPI came at 0. 1% vs. 0. 4% consensus. Even though the stock market keeps running up, JPMorgan (JPM) is warning of growing risks. When JPMorgan warns, investors should listen because JPMorgan has a pulse on the economy and has more data than anyone else. Two big banks, JPMorgan and Wells Fargo (WFC) reported earnings less than whisper numbers, while Citigroup (C) reported earnings better than whisper numbers. JPM is long from an average of $34. 14 and is in the ZYX Buy Core Model Portfolio. JPM is trading at $310. 03 as of this writing in the premarket, representing a gain of 808%. C is also in the ZYX Buy Core Model Portfolio and is long from an average of $33. 80. C is trading at $128. 23 as of this writing in the premarket, representing a gain of 279%. Fuel cell technology to power AI data centers has received a vote of confidence. Oracle (ORCL) will buy up to 2. 8 gigawatts of Bloom Energy’s fuel cell systems to power its AI data centers. BE is long from an average of $118. 50 in ZYX Buy and is currently trading at $198. 83 as of this writing in the premarket, for a gain of 68%. United Airlines (UAL) is exploring a merger with American Airlines (AAL). In the past, such a merger would face a major regulatory hurdle, but the Trump administration may be open to it. If it takes place, the merger will form the largest airline in the world. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6940 as of this writing. S&P 500 futures resistance levels are 7000, 7200, and 7500 : support levels are 6780, 6600, and 6481. DJIA futures are up 21 points. Gold futures are at $4791, silver futures are at $77. 68, and oil futures are at $96. 05. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding ***% in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 By Nigam Arora To gain an edge, this is what you need to know today. Game Of Attrition Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has now pulled back below the low band of zone 1 (resistance). The reaction shown on the chart to the news of failure of Iran talks and President Trump’s response to blockade the Strait of Hormuz is very muted. On Sunday evening when futures opened lower, the momo crowd aggressively bought the dip. The chart shows that on Friday, the volume was even lower than the recent low volumes on the rally. This indicates a lack of conviction. Stock market bears are disappointed as they were predicting a much bigger pullback if Iran talks failed. In The Arora Report analysis, on the surface stock market bears’ logic seems justified, especially since the stock market rally has been so strong. However, when we look at what happened in the peace talks in the framework of Theory ZYX, eight elements of the X- and Y-axis were in alignment between Iran and the U. S. It is the four elements of the Z-axis where the talks failed. The elements of the Z-axis are easy to rectify if both the U. S. and Iran are determined. Investors should consider the Iran talks not as a failure, but as the first step in a multi-step negotiating process. In The Arora Report analysis, for the time being, it is now an attrition game between the U. S. and Iran. Until now, President Trump did everything he could to bring Iran to its knees with the exception of blockading the Strait of Hormuz. Iran did not have the naval strength to break the blockade even before its navy was destroyed during the war. Without oil exports, Iran would have been brought to its knees very quickly. The reason President Trump did not choose the blockade early on is that it would have meant higher gas prices in the U. S. President Trump is focused on keeping gas prices low for American consumers. Higher gas prices risk Republicans losing the midterm election. With an eye on oil prices, President Trump went the other way – he allowed Iranian oil at sea to be sold, and he gave India an exemption to buy Iranian oil. Iran cannot sustain its economy without oil exports. In the short term, prudent investors need to know that during the war, Iran exported an average of 1. 85M barrels of crude per day. This is a hundred thousands barrels per day more than Iran exported in the prior three months. Iran was raking in more cash during the war than before. Now, Iran has more cushion than it had before the war started. Now it comes down to who can hang in there longer – the U. S. with rising gas prices and upcoming midterm elections or Iran with a risk to its economy. Objective, ongoing analysis will make a huge difference for investors. Supporting the stock market this week will be $30B - $40B of buying by Commodity Trading Advisors (CTAs). CTAs tend to be systematic, algorithmic driven, trend followers. They are going to buy because the trend has reversed from negative to positive. Most CTAs do not analyze the market, other than the trend. The markets always have crosscurrents. On Friday, University of Michigan consumer sentiment came at a 74 year low – the lowest in the history of the survey. Nasdaq 100 is rebalancing, adding Sandisk (SNDK) to replace Atlassian (TEAM). SNDK will be added prior to the stock market open on April 20. Produce Price Index (PPI) will be released tomorrow at 8:30am ET. Earnings season has started with Goldman Sachs (GS) earnings today. GS earnings are below whisper numbers. Earnings from JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK), and Citigroup (C) are tomorrow morning. Bank of America (BAC) and Morgan Stanley (MS) will report Wednesday morning. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Microsoft (MSFT). In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** but can quickly change based on Iran war related news. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing mild selling. Markets Interest rates and bonds are range bound. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6823 as of this writing. S&P 500 futures resistance levels are 7000, 7200, and 7500 : support levels are 6780, 6600, and 6481. DJIA futures are down 425 points. Gold futures are at $4746, silver futures are at $74. 08, and oil futures are at $103. 60. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ADBE, BTCUSD, BUG, CIBR, CRM, CRWD, DIA, DJIA, GDX, GLD, GOLD, HACK, IGV, MARKETS, MNDY, NOW, OIH, OIL, ORCL, PANW, QQQ, SILVER, SLV, SPX, SPY, TBF, TBT, USO, ZS By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' PAY ATTENTION TO MYTHOS RISK, LOW VOLUME MELT UP, IGNORE HIGH INFLATION DATA, MARKET POSITIONING PRE-IRAN TALKS Apr 10, 2026 To gain an edge, this is what you need to know today. Mythos Risk Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market has now rallied into zone 1 (resistance). The chart shows the volume yesterday was even lower than the low volume on the first day of the rally on the gap up. This indicates that, so far, there is no volume confirmation of the rally. There are two contradictory implications of the low volume: The lack of volume indicates that investors broadly have not participated in this rally. As such, if the rally continues, FOMO (fear of missing out) will kick in, and investors who have not participated will be buying at higher prices, resulting in a powerful up move in the stock market. If the market starts pulling back, investors who refrained from buying into this rally will likely see that as a confirmation of their bearish beliefs and take even more capital out of the stock market, causing a rapid downturn. In The Arora Report analysis, which interpretation turns out to be right will depend on the success of Iran talks, economic data, and upcoming earnings. Prudent investors should refrain from having a strong opinion about the market direction but instead consider letting the hard data guide. RSI on the chart shows the stock market has become very overbought. An overbought market is susceptible to a pullback. Anthropic’s yet to be broadly released Mythos model has raised serious concern at the highest levels of U. S. financial leadership, with indications that its capabilities could materially change how quickly and effectively sophisticated cyber intrusions can be executed against critical systems, prompting urgent attention from policymakers and large financial institutions. Treasury Secretary Scott Bessent and Fed Chair Jerome Powell convened bank CEOs, a notable step that underscores rising concern that advanced AI could challenge existing safeguards across the financial system. Anthropic is limiting access to Mythos due to concern that its capabilities may expose previously unknown weaknesses, reinforcing the need for stronger defensive measures even as offensive capabilities advance. Mythos has the potential to seriously disrupt existing cybersecurity paradigms, putting pressure on cybersecurity stocks. Stocks such as CRWD, PANW, and ZS and ETFs such as HACK, BUG, and CIBR have come under pressure. The development adds to pressure on software names as investors reassess durability of business models in an environment where increasingly capable AI can alter competitive dynamics faster than expected. Software stocks such as ADBE, CRM, NOW, MNDY, ORCL, and software ETF IGV have come under pressure. To keep investors ahead of the curve, The Arora Report yesterday issued five different signals to reduce risk from Anthropic Mythos. More signals will be forthcoming to reduce risks as well as to take advantage of new opportunities. We are also starting work on a new podcast for those wanting next level information. The podcast will be in Arora Ambassador Club. To get on the waitlist to join, please fill out the form below. Iran talks are ahead. Prudent investors should note the stock market is positioned for the Iran talks to be highly successful. Due to this positioning, in case talks are not successful, there is significant downside risk to the stock market. Having said that, it is important to note that President Trump is looking for an off ramp, and this increases the probability of success. Prudent investors should ignore the just released Consumer Price Index (CPI) data. The reason is that headline CPI includes a 21% rise in gasoline. This is related to the Iran war and will likely come down. Overall, gas prices have gone up by 40% – this indicates that the next set of data will also be distorted. Here are the details: Headline CPI came at 0. 9% vs. 0. 7% consensus. Core CPI came at 0. 2% vs. 0. 3% consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are neutral in Nvidia (NVDA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are neutral in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** and will depend on news and rumors about the Iran war. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6873 as of this writing. S&P 500 futures resistance levels are 7000, 7200, and 7500 : support levels are 6780, 6600, and 6481. DJIA futures are up 2 points. Gold futures are at $4792, silver futures are at $75. 88, and oil futures are at $97. 62. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. SMART MONEY WATCHING VOLUME DIVERGENCE AT KEY RESISTANCE – EXHAUSTION TRAP OR SPRINGBOARD HIGHER? Apr 9, 2026 To gain an edge, this is what you need to know today. Key Resistance Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that yesterday’s rally approached the low band of zone 1 (resistance). The chart shows a big gap up. The chart shows yesterday’s rally after the big gap was on low volume. Smart money is watching volume divergence at key resistance. The chart shows the stock market is pulling back slightly this morning. RSI on the chart shows the stock market is now slightly overbought. Due to lack of volume confirmation, here is the key question for investors: Is the gap an exhaustion trap or is it a springboard higher? Looking at the history of similar patterns shows that about half the time it turns out to be an exhaustion gap and the market moves lower, while the other half of the time the stock market launches higher in a powerful way. History is not instructive here. In The Arora Report analysis, what happens next in the stock market is dependent upon five factors we shared with you in yesterday’s Morning Capsule. We wrote: The ceasefire is fragile. The statements from Iran and the U. S. as to what has been agreed upon are remarkably different. Will Iran and the U. S. reach a final agreement? It will come down to how much President Trump wants to overlook to declare victory. The probability of hostilities resuming again is low but not zero. Despite all the damage Iran has sustained, Iran is in a strategically stronger position now than it was before the war started, provided the current regime does not collapse because of infighting. If the current regime does not collapse, in the long term, this war is negative for the U. S. However, if the current regime collapses, the long term will be very positive for the U. S. Important inflation data is ahead. If inflation is hot, expect Wall Street to dismiss it with claims that the hot inflation was due to the war. Earnings season is ahead. Corporations have been raising prices. As such, expect earnings to be good. In those cases where earnings are not good, expect Wall Street to rationalize that it is the result of war and issue buy signals. PCE is the Fed's favorite inflation gauge. Core inflation came slightly higher than expected. Here are the details: Headline PCE came at 0. 4% vs. 0. 4% consensus. Core PCE came at 0. 4% vs. 0. 3% consensus. The U. S. economy is 70% consumer based. For this reason, prudent investors pay attention to personal income and personal spending. Personal income fell off the cliff, but consumers continued to spend. Here are the details: Personal spending came at 0. 5% vs. 0. 6% consensus. Personal income came at -0. 1% vs. 0. 5% consensus. Initial jobless claims came at 219K vs. 215K consensus. This indicates employment is stable. Q4 GDP-third estimate came at 0. 5% vs. 0. 7% consensus. In The Arora Report analysis, this number is weaker than expected, but it is a lagging indicator and the Iran war has already boosted the economy. Q4 GDP deflator-third estimate came at 3. 7% vs. 3. 8% consensus. Consumer Price Index (CPI) will be released tomorrow at 8:30am ET. Talks with Iran start in Islamabad, Pakistan tomorrow. Iran is warning that continued Israeli attacks on Lebanon will make talks meaningless. Prudent investors should note oil has been moving higher as Iran has stopped passage through the Strait of Hormuz due to Israeli strikes on Lebanon. It is important to emphasize the phrase “especially on a pullback” in yesterday’s Morning Capsule as it relates to deploying cash and taking profits on hedges. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN) and Meta (META). In the early trade, money flows are negative in Apple (AAPL), Alphabet (GOOG), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** and will depend upon developments related to the Middle East. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6806 as of this writing. S&P 500 futures resistance levels are 7000, 7200, and 7500 : support levels are 6780, 6600, and 6481. DJIA futures are down 166 points. Gold futures are at $4768, silver futures are at $74. 35, and oil futures are at $99. 77. DEPLOY CASH AND REDUCE HEDGES, SPECTACULAR RALLY LEADS STOCK MARKET TO RESISTANCE ZONE, INFLATION DATA AHEAD Apr 8, 2026 To gain an edge, this is what you need to know today. Deploy Cash And Reduce Hedges The remaining hedges are still very profitable. Consider taking additional profits on hedges, especially on any pullback. Consider deploying cash, especially on a pullback. Please see the Arora Protection Band And What To Do Now section below for details. Market At Resistance Zone Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market has staged a spectacular rally on the news of a ceasefire with Iran. The chart shows that the stock market is now at the bottom band of zone 1 (resistance). Of special note is that as the chart shows, during the Iran war, the stock market touched the low band of zone 2 (support); it did not break down through the low band and bounce. This is more remarkable when you consider the Arora support zone was given well in advance and was very different from any other support level that major Wall Street banks were providing – none of Wall Street’s support levels held. This demonstrates the power of Arora zones. Arora zones have nearly a two decade record of accuracy. RSI on the chart shows the stock market has room to go higher. Here is the key question for investors: Will the stock market get stuck in zone 1 in the near term, or will it break out to the magnet first and then go higher? Consider not following gurus who claim to know for sure what is going to happen next. Start with Arora’s Second Law of Investing and Trading, “Nobody knows with certainty what is going to happen next in the markets. ” What happens next will come down to the following: The ceasefire is fragile. The statements from Iran and the U. S. as to what has been agreed upon are remarkably different. Will Iran and the U. S. reach a final agreement? It will come down to how much President Trump wants to overlook to declare victory. The probability of hostilities resuming again is low but not zero. Despite all the damage Iran has sustained, Iran is in a strategically stronger position now than it was before the war started, provided the current regime does not collapse because of infighting. If the current regime does not collapse, in the long term, this war is negative for the U. S. However, if the current regime collapses, the long term will be very positive for the U. S. Important inflation data is ahead. If inflation is hot, expect Wall Street to dismiss it with claims that the hot inflation was due to the war. Earnings season is ahead. Corporations have been raising prices. As such, expect earnings to be good. In those cases where earnings are not good, expect Wall Street to rationalize that it is the result of war and issue buy signals. FOMC minutes will be released today at 2pm ET. PCE, the Fed's favorite inflation gauge, as well as personal income and spending, initial jobless claims, and GDP will be released tomorrow at 8:30am ET. Consumer Price Index (CPI) will be released Friday at 8:30am ET, followed by University of Michigan Consumer Sentiment at 10am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** buying stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** due to extremely aggressive ***, which historically leads to a pullback. However, due to the Iran development, there is uncertainty as to what is going to happen. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is extremely *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a build of 3. 719M barrels vs. 10. 263M barrels previously. The momo crowd is extremely aggressively *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6832 as of this writing. S&P 500 futures resistance levels are 7000, 7200, and 7500 : support levels are 6780, 6600, and 6481. DJIA futures are up 1238 points. Gold futures are at $4819, silver futures are at $77. 41, and oil futures are at $93. 42. BULLISH STOCK MARKET POSITIONING CONFRONTS ‘A WHOLE CIVILIZATION WILL PROBABLY DIE TONIGHT’ Apr 7, 2026 To gain an edge, this is what you need to know today. Market Positioning Please click here for a chart of oil services ETF (OIH). Note the following: The chart shows the rise in OIH on the Iran war. Oil service stocks are the main beneficiaries, not only from the rise in oil but also from the destruction of energy infrastructure. Ultimately, destroyed energy infrastructure will be rebuilt, benefiting oil service stocks. The chart shows a prior Arora buy zone and huge gains from that buy zone. OIH is in the ZYX Allocation Model Portfolio. The chart shows recent partial profit taking signals near the recent high. As a member of The Arora Report, you already know that knowledge of positioning in the stock market is very important. Determining positioning is a complex process – right now, movements in OIH provide important data. The chart shows a pullback in OIH. This pullback in OIH indicates that the stock market is now positioned for the resolution of the Iran war, not an escalation. Including many other factors, in addition to OIH, in The Arora Report analysis, right now the stock market positioning is bullish. This morning, bullish positioning is confronting President Trump’s post ahead of the 8pm ET deadline for Iran to reach a deal. President Trump posted, “A whole civilization will die tonight, never to be brought back again. I don't want that to happen, but it probably will. However, now that we have Complete and Total Regime Change, where different, smarter, and less radicalized minds prevail, maybe something revolutionary wonderful can happen, WHO KNOWS? We will find out tonight, one of the most important moments in the long and complex history of the World. 47 years of extortion, corruption, and death, will finally end. God Bless the Great People of Iran! ” Only President Trump and perhaps his inner circle know what is going to happen next. If there is a deescalation, the stock market will rally. On the other hand, if there is escalation, due to positive positioning, the stock market can move significantly to the downside. In The Arora Report analysis, the stock market is not prepared for the downside. Consider reviewing your portfolio as to where it is situated in the Arora Protection Band. Based on your personal preference, within the Arora Protection Band, consider being situated such that you are comfortable if any of the following three scenarios occur: If President Trump escalates and Iran is able to retaliate in a meaningful way, there is significant downside risk to this market. If President Trump escalates and Iran is not able to retaliate, the stock market will likely go up. If there is a deal reached without escalation, the stock market will likely go up. The Arora Protection Band is using probabilities to strike the optimum balance between various scenarios. Durable orders data is mixed. Here are the details: Durable orders came in at -1. 4% vs 0. 5% consensus. Durable orders ex-transportation came at 0. 8% vs 0. 5% consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** in stocks in the early trade. Smart money is *** in stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** and will depend on news and rumors about the Iran war. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in gold in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in oil in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6622 as of this writing. S&P 500 futures resistance levels are 6780, 7000, and 7200 : support levels are 6600, 6481, and 6322. DJIA futures are down 166 points. Gold futures are at $4688, silver futures are at $72. 36, and oil futures are at $114. 87. CEASEFIRE HOPIUM KEEPS STOCK MARKET ABOVE SUPPORT ZONE, IMPORTANT INFLATION DATA AHEAD Apr 6, 2026 To gain an edge, this is what you need to know today. Ceasefire Hopium Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market continues to stay above zone 1 (support). RSI on the chart shows the stock market can easily go either way. On Sunday night, stock futures initially saw selling due to President Trump’s ultimatum to bomb power plants and bridges in Iran if no deal is reached. Asian stock markets opened higher on rumors of a ceasefire and the strength seeped into U. S. stock futures. Oil futures continue to be the leading indicator. Last night, oil futures also opened higher but have continued to pull back as ceasefire hopium builds. In The Arora Report analysis, as of this writing, the stock market has mostly bought into the prospect of a ceasefire and is ignoring the prospect of escalation. The jobs report was exceptionally strong. Here is the data: Non-farm payrolls came at 178K vs. 51K consensus. Non-farm private payrolls came at 186K vs. 51K consensus. Unemployment rate came at 4. 3% vs. 4. 4% consensus. Average work week came at 34. 2 vs. 34. 3 consensus. Average hourly earnings came at 0. 2% vs. 0. 3% consensus. President Trump will hold a press conference with military leaders at 1pm ET. The press conference may be market moving. President Trump has extended his deadline for the Iran ultimatum until Tuesday. ISM Non-Manufacturing Index will be released at 10am ET and may be market moving. There is economic data ahead this week: Durable orders will be released Tuesday at 8:30am ET. FOMC minutes will be released on Wednesday at 2pm ET. PCE, the Fed’s favorite inflation gauge, as well as personal income and spending, initial jobless claims, and GDP will be released Thursday at 8:30am ET. Consumer Price Index (CPI) will be released Friday at 8:30am ET, followed by University of Michigan Consumer Sentiment at 10am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN), Alphabet (GOOG), and Apple (AAPL). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** and will depend on news and rumors about the war. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6625 as of this writing. S&P 500 futures resistance levels are 6780, 7000, and 7200 : support levels are 6600, 6481, and 6322. DJIA futures are down 78 points. Gold futures are at $4698, silver futures are at $73. 36, and oil futures are at $110. 81. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: ADBE, BTCUSD, BUG, CIBR, CRM, CRWD, GOLD, HACK, IGV, MARKETS, MNDY, NOW, OIL, ORCL, PANW, QQQ, SILVER, SPX, SPY, ZS By Nigam Arora To gain an edge, this is what you need to know today. Mythos Risk Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market has now rallied into zone 1 (resistance). The chart shows the volume yesterday was even lower than the low volume on the first day of the rally on the gap up. This indicates that, so far, there is no volume confirmation of the rally. There are two contradictory implications of the low volume: The lack of volume indicates that investors broadly have not participated in this rally. As such, if the rally continues, FOMO (fear of missing out) will kick in, and investors who have not participated will be buying at higher prices, resulting in a powerful up move in the stock market. If the market starts pulling back, investors who refrained from buying into this rally will likely see that as a confirmation of their bearish beliefs and take even more capital out of the stock market, causing a rapid downturn. In The Arora Report analysis, which interpretation turns out to be right will depend on the success of Iran talks, economic data, and upcoming earnings. Prudent investors should refrain from having a strong opinion about the market direction but instead consider letting the hard data guide. RSI on the chart shows the stock market has become very overbought. An overbought market is susceptible to a pullback. Anthropic’s yet to be broadly released Mythos model has raised serious concern at the highest levels of U. S. financial leadership, with indications that its capabilities could materially change how quickly and effectively sophisticated cyber intrusions can be executed against critical systems, prompting urgent attention from policymakers and large financial institutions. Treasury Secretary Scott Bessent and Fed Chair Jerome Powell convened bank CEOs, a notable step that underscores rising concern that advanced AI could challenge existing safeguards across the financial system. Anthropic is limiting access to Mythos due to concern that its capabilities may expose previously unknown weaknesses, reinforcing the need for stronger defensive measures even as offensive capabilities advance. Mythos has the potential to seriously disrupt existing cybersecurity paradigms, putting pressure on cybersecurity stocks. Stocks such as CRWD, PANW, and ZS and ETFs such as HACK, BUG, and CIBR have come under pressure. The development adds to pressure on software names as investors reassess durability of business models in an environment where increasingly capable AI can alter competitive dynamics faster than expected. Software stocks such as ADBE, CRM, NOW, MNDY, ORCL, and software ETF IGV have come under pressure. To keep investors ahead of the curve, The Arora Report yesterday issued five different signals to reduce risk from Anthropic Mythos. More signals will be forthcoming to reduce risks as well as to take advantage of new opportunities. We are also starting work on a new podcast for those wanting next level information. The podcast will be in Arora Ambassador Club. Iran talks are ahead. Prudent investors should note the stock market is positioned for the Iran talks to be highly successful. Due to this positioning, in case talks are not successful, there is significant downside risk to the stock market. Having said that, it is important to note that President Trump is looking for an off ramp, and this increases the probability of success. Prudent investors should ignore the just released Consumer Price Index (CPI) data. The reason is that headline CPI includes a 21% rise in gasoline. This is related to the Iran war and will likely come down. Overall, gas prices have gone up by 40% – this indicates that the next set of data will also be distorted. Here are the details: Headline CPI came at 0. 9% vs. 0. 7% consensus. Core CPI came at 0. 2% vs. 0. 3% consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA). In the early trade, money flows are neutral in Nvidia (NVDA). In the early trade, money flows are negative in Apple (AAPL). In the early trade, money flows are neutral in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates and bonds are range bound. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6873 as of this writing. S&P 500 futures resistance levels are 7000, 7200, and 7500 : support levels are 6780, 6600, and 6481. DJIA futures are up 2 points. Gold futures are at $4792, silver futures are at $75. 88, and oil futures are at $97. 62. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: STAA By Nigam Arora There are nice gains on the implantable eye lens company STAA. STAA is long from $14. 76 and is trading at $25. 30. This represents a gain of 71%. This is a great example of how a great amount of money is made by buying and selling outside regular trading hours. Most of the major moves these days occur outside trading hours. Those who acted on the day the signal was given after hours were able to buy STAA for around $14. 76. Today after hours, the stock is jumping $4. 42 to $25. 30. The reason is that the company is pre-announcing upside surprise. STAA expects Q1 revenue above $90M vs consensus $76. 6M. Normally, on such a huge beat, the call would have been to start a trade around position right here. However, digging into the surprise, it is mostly coming from China. For this reason, the plan is to wait before giving a trade around the position signal. Please see Trade Management Guidelines to learn about trade around positions. For the core position, the call is to hold without a target. STAA is also a buyout target. To date, 225 Arora portfolio companies have been bought out, producing a fortune for members who routinely invest in buyout targets. What To Do Now Those in STAA may consider ***. Those not in STAA may consider ***. Signal Limited is a Signal(s) with a great record in similar situations but does not meet all of the stringent criteria for a Signal. Typically Signal Limited has higher risk-reward compared to a Signal over the short term. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. (To see the locked content, please take a 30 day free trial) Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Deploy Cash And Reduce Hedges The remaining hedges are still very profitable. Consider taking additional profits on hedges, especially on any pullback. Consider deploying cash, especially on a pullback. Please see the Arora Protection Band And What To Do Now section below for details. Market At Resistance Zone Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market has staged a spectacular rally on the news of a ceasefire with Iran. The chart shows that the stock market is now at the bottom band of zone 1 (resistance). Of special note is that as the chart shows, during the Iran war, the stock market touched the low band of zone 2 (support); it did not break down through the low band and bounce. This is more remarkable when you consider the Arora support zone was given well in advance and was very different from any other support level that major Wall Street banks were providing – none of Wall Street’s support levels held. This demonstrates the power of Arora zones. Arora zones have nearly a two decade record of accuracy. RSI on the chart shows the stock market has room to go higher. Here is the key question for investors: Will the stock market get stuck in zone 1 in the near term, or will it break out to the magnet first and then go higher? Consider not following gurus who claim to know for sure what is going to happen next. Start with Arora’s Second Law of Investing and Trading, “Nobody knows with certainty what is going to happen next in the markets. ” What happens next will come down to the following: The ceasefire is fragile. The statements from Iran and the U. S. as to what has been agreed upon are remarkably different. Will Iran and the U. S. reach a final agreement? It will come down to how much President Trump wants to overlook to declare victory. The probability of hostilities resuming again is low but not zero. Despite all the damage Iran has sustained, Iran is in a strategically stronger position now than it was before the war started, provided the current regime does not collapse because of infighting. If the current regime does not collapse, in the long term, this war is negative for the U. S. However, if the current regime collapses, the long term will be very positive for the U. S. Important inflation data is ahead. If inflation is hot, expect Wall Street to dismiss it with claims that the hot inflation was due to the war. Earnings season is ahead. Corporations have been raising prices. As such, expect earnings to be good. In those cases where earnings are not good, expect Wall Street to rationalize that it is the result of war and issue buy signals. FOMC minutes will be released today at 2pm ET. PCE, the Fed's favorite inflation gauge, as well as personal income and spending, initial jobless claims, and GDP will be released tomorrow at 8:30am ET. Consumer Price Index (CPI) will be released Friday at 8:30am ET, followed by University of Michigan Consumer Sentiment at 10am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) buying stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** due to extremely aggressive buying, which historically leads to a pullback. However, due to the Iran development, there is uncertainty as to what is going to happen. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is extremely aggressively *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil API crude inventories came at a build of 3. 719M barrels vs. 10. 263M barrels previously. The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6832 as of this writing. S&P 500 futures resistance levels are 7000, 7200, and 7500 : support levels are 6780, 6600, and 6481. DJIA futures are up 1238 points. Gold futures are at $4819, silver futures are at $77. 41, and oil futures are at $93. 42. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIH, OIL, QQQ, SILVER, SPY, USO By Nigam Arora To gain an edge, this is what you need to know today. Market Positioning Please click here for a chart of oil services ETF (OIH). Note the following: The chart shows the rise in OIH on the Iran war. Oil service stocks are the main beneficiaries, not only from the rise in oil but also from the destruction of energy infrastructure. Ultimately, destroyed energy infrastructure will be rebuilt, benefiting oil service stocks. The chart shows a prior Arora buy zone and huge gains from that buy zone. OIH is in the ZYX Allocation Model Portfolio. The chart shows recent partial profit taking signals near the recent high. As a member of The Arora Report, you already know that knowledge of positioning in the stock market is very important. Determining positioning is a complex process – right now, movements in OIH provide important data. The chart shows a pullback in OIH. This pullback in OIH indicates that the stock market is now positioned for the resolution of the Iran war, not an escalation. Including many other factors, in addition to OIH, in The Arora Report analysis, right now the stock market positioning is bullish. This morning, bullish positioning is confronting President Trump’s post ahead of the 8pm ET deadline for Iran to reach a deal. President Trump posted, “A whole civilization will die tonight, never to be brought back again. I don't want that to happen, but it probably will. However, now that we have Complete and Total Regime Change, where different, smarter, and less radicalized minds prevail, maybe something revolutionary wonderful can happen, WHO KNOWS? We will find out tonight, one of the most important moments in the long and complex history of the World. 47 years of extortion, corruption, and death, will finally end. God Bless the Great People of Iran! ” Only President Trump and perhaps his inner circle know what is going to happen next. If there is a deescalation, the stock market will rally. On the other hand, if there is escalation, due to positive positioning, the stock market can move significantly to the downside. In The Arora Report analysis, the stock market is not prepared for the downside. Consider reviewing your portfolio as to where it is situated in the Arora Protection Band. Based on your personal preference, within the Arora Protection Band, consider being situated such that you are comfortable if any of the following three scenarios occur: If President Trump escalates and Iran is able to retaliate in a meaningful way, there is significant downside risk to this market. If President Trump escalates and Iran is not able to retaliate, the stock market will likely go up. If there is a deal reached without escalation, the stock market will likely go up. The Arora Protection Band is using probabilities to strike the optimum balance between various scenarios. Durable orders data is mixed. Here are the details: Durable orders came in at -1. 4% vs 0. 5% consensus. Durable orders ex-transportation came at 0. 8% vs 0. 5% consensus. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) in stocks in the early trade. Smart money is *** in stocks in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** and will depend on news and rumors about the Iran war. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in gold in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in oil in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6622 as of this writing. S&P 500 futures resistance levels are 6780, 7000, and 7200 : support levels are 6600, 6481, and 6322. DJIA futures are down 166 points. Gold futures are at $4688, silver futures are at $72. 36, and oil futures are at $114. 87. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Ceasefire Hopium Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market continues to stay above zone 1 (support). RSI on the chart shows the stock market can easily go either way. On Sunday night, stock futures initially saw selling due to President Trump’s ultimatum to bomb power plants and bridges in Iran if no deal is reached. Asian stock markets opened higher on rumors of a ceasefire and the strength seeped into U. S. stock futures. Oil futures continue to be the leading indicator. Last night, oil futures also opened higher but have continued to pull back as ceasefire hopium builds. In The Arora Report analysis, as of this writing, the stock market has mostly bought into the prospect of a ceasefire and is ignoring the prospect of escalation. The jobs report was exceptionally strong. Here is the data: Non-farm payrolls came at 178K vs. 51K consensus. Non-farm private payrolls came at 186K vs. 51K consensus. Unemployment rate came at 4. 3% vs. 4. 4% consensus. Average work week came at 34. 2 vs. 34. 3 consensus. Average hourly earnings came at 0. 2% vs. 0. 3% consensus. President Trump will hold a press conference with military leaders at 1pm ET. The press conference may be market moving. President Trump has extended his deadline for the Iran ultimatum until Tuesday. ISM Non-Manufacturing Index will be released at 10am ET and may be market moving. There is economic data ahead this week: Durable orders will be released Tuesday at 8:30am ET. FOMC minutes will be released on Wednesday at 2pm ET. PCE, the Fed’s favorite inflation gauge, as well as personal income and spending, initial jobless claims, and GDP will be released Thursday at 8:30am ET. Consumer Price Index (CPI) will be released Friday at 8:30am ET, followed by University of Michigan Consumer Sentiment at 10am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Meta (META), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA). In the early trade, money flows are neutral in Amazon (AMZN), Alphabet (GOOG), and Apple (AAPL). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is *** and will depend on news and rumors about the war. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** in gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is inactive in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6625 as of this writing. S&P 500 futures resistance levels are 6780, 7000, and 7200 : support levels are 6600, 6481, and 6322. DJIA futures are down 78 points. Gold futures are at $4698, silver futures are at $73. 36, and oil futures are at $110. 81. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, DIA, DJIA, GDX, GLD, GOLD, MARKETS, OIL, QQQ, SILVER, SLV, SMH, SPX, SPY, TBF, TBT, USO By Nigam Arora Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report. Please scroll down for the section 'Protection Bands and What To Do Now. ' STOCK MARKET AND MEDIA GOT TRUMP WRONG – NOW INVESTORS POSITIONED ON WRONG SIDE, HOLIDAY SCHEDULE Apr 2, 2026 To gain an edge, this is what you need to know today. Positioning Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has fallen back in zone 1 (support) in the early trade. The drop in the stock market is in reaction to President Trump’s speech. President Trump did not say anything much different than what he had been saying – the Iran campaign will end soon and the U. S. will continue to bomb Iran for the next couple of weeks. Why such a huge reaction from the market? The reason is that yesterday, a majority of mainstream media got it wrong as they were reporting that President Trump would say he was ending the war. As a member of The Arora Report, you already understand the importance of positioning. For those who are interested in deeper knowledge, listen to the podcast titled “Market Mechanics: Positioning. ” Taking the lead from the media, a large number of investors became very long yesterday, including going full on margin. Investor positioning became very positive yesterday. Wall Street is selling in the early trade on the concern that if the market does not recover, margin calls will result in forced liquidations. Yesterday, we were being asked why the Arora Protection Band was reduced only conservatively and not aggressively. The market reaction this morning, once again demonstrates the power of The Arora Report’s algorithms and methodology just like on major events over the last nearly two decades. Initial jobless claims came at 202K vs. 215K consensus. The data shows the jobs picture is strong. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Holiday Schedule Happy Easter to you and your families. Due to the holiday schedule, the Morning Capsule was not scheduled to be published this morning, but the Morning Capsule is being published in view of the major positioning issue in the stock market. The offices will be on a reduced schedule today and Friday. Posts will be published as needed. The stock market will be closed Friday due to Good Friday. The next Morning Capsule will be on Monday. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is inactive in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6520 as of this writing. S&P 500 futures resistance levels are 6600, 6780, and 7000 : support levels are 6481, 6322, and 6256. DJIA futures are down 608 points. Gold futures are at $4633, silver futures are at $70. 32, and oil futures are at $112. 22. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. TAKE PROFITS ON SHORT TERM HEDGES, STOCK MARKET EUPHORIC – TACTICAL WIN IS STRATEGICALLY PROBLEMATIC, HOLIDAY SCHEDULE Apr 1, 2026 To gain an edge, this is what you need to know today. Take Profits On Short Term Hedges Short term hedges have become very profitable. Yesterday, a signal was given to take partial profits. Consider taking more partial profits on the remaining short term hedges. Please see a separate post on hedges and the section below titled “Arora Protection Band And What To Do Now. ” Euphoric Stock Market Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market previously went to the low band of zone 1 (support). The chart shows the euphoria yesterday brought the stock market from within the support zone to above the support zone. The chart shows in the early trade today, yesterday’s euphoric rally is extending. RSI on the chart shows the stock market is no longer oversold. Yesterday, in the Interim Capsule, we shared with you Iran’s president was saying Iran was open to ending the war with guarantees. This was the reason behind the euphoric stock market rally. There have been reports that President Trump wanted the U. S. to be out of Iran even if there was not a deal with Iran and the U. S. could exit even if the Strait of Hormuz was not open. This added to the euphoria. Now there is a contradictory report that the U. S. will consider a ceasefire when the Strait of Hormuz is open. The contradictory report is taking some steam out of the euphoria as of this writing. Oil is the leading indicator. Initially, oil held up and then fell. As of this writing, oil is rising again on the contradictory report. There are reports that President Trump will address the nation this evening. It is still not clear what is going to happen. Having said that, the U. S. exiting the Iran war will be a tactical win for the following reasons: President Trump believes Iran’s nuclear plans have been set back by 15 - 20 years. Iran’s missile production capability has been drastically diminished. Iran has suffered massive damage to its armed forces and military infrastructure. On the strategic side, a U. S. withdrawal without a comprehensive agreement will be problematic for the following reasons: Gulf nations may conclude that the U. S. having bases in their countries is not a good idea. Even a diminished Iran may strategically become more dominant because the Gulf nations will know that Iran can attack them and the U. S. cannot protect them. China will take advantage of the situation to develop closer relationships in the Middle East. China will be emboldened to attack Taiwan. Russia will be emboldened in Ukraine. Consumer confidence came at 91. 8 vs. 88. 0 consensus. JOLTS job openings came at 6. 882M vs. 6. 795M consensus. ADP employment change came at 62K vs. 42K consensus. Prudent investors closely watch retail sales data as the U. S. economy is 70% consumer based. Retail sales are stronger than expected. Here is the latest retail sales data: October headline retail sales came at 0. 6% vs. 0. 5% consensus. October retail sales ex-auto came at 0. 5% vs. 0. 3% consensus. ISM Manufacturing Index will be released today at 10am ET. Initial jobless claims will be released on Thursday at 8:30am ET. The jobs report, the mother of all numbers, will be released on Friday at 8:30am ET followed by ISM Non-Manufacturing Index at 10am ET. Note, the stock market will be closed for the Easter holiday. Expect blind money to flow into the stock market today and tomorrow. Blind money is the money that flows into the stock market on the first two days of the month without any analysis irrespective of market conditions. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Holiday Schedule Happy Easter to you and your families. Due to the holiday schedule, the offices will be on a reduced schedule Thursday and Friday. Tomorrow there will only be a Morning Capsule if there are changes in the Arora Protection Band or if there are other substantial developments. In the absence of substantial developments, the next Morning Capsule will be on Monday. All other posts will be published as needed. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are very positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade, and this is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil After falling earlier today, oil futures are rising again on a contradictory report described above. API crude oil inventories came at a build of 10. 263M barrels vs. a consensus of a draw of 1. 3M barrels. This is war related. The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6595 as of this writing. S&P 500 futures resistance levels are 6600, 6780, 7000 : support levels are 6481, 6322, and 6256. DJIA futures are up 143 points. Gold futures are at $4748, silver futures are at $74. 66, and oil futures are at $100. 66. STOCK MARKET GENERALS SHOT BEFORE TRUMP RESCUE PLAN OF NOT OPENING HORMUZ – RISK AND OIL UNDERPRICED Mar 31, 2026 To gain an edge, this is what you need to know today. Underpriced Risk Please click here for a chart of semiconductor ETF (SMH). Note the following: Semiconductors have been generals of this stock market due to the AI trade. The chart shows yesterday the generals were shot with incessant and deep selling. The chart shows that yesterday, semiconductors touched the top band of zone 1 (support). The chart shows semiconductors are bouncing this morning after President Trump came to the rescue of the stock market last night. Stock futures immediately jumped last night after a report that President Trump was considering ending the Iran war without opening the Strait of Hormuz. RSI on the chart shows semiconductors had become oversold but are now bouncing on President Trump’s rescue of the stock market. Here is the historical pattern that is of interest to prudent investors: In a decline, generals initially hold up. As the decline continues, generals are shot, just like the chart shows aggressive selling in semiconductors yesterday. After generals are shot, investors who invest only on technicals and typically would have bought a majority of their positions near the highs, see sell signals near the lows and sell. Selling by technically oriented investors often triggers margin calls in momo crowd accounts. Momo crowd accounts that also typically would have bought a majority of their positions near the highs see forced liquidations, putting further downward pressure on the stock market. At this point, bears are convinced that they are finally right and start short selling, putting further downward pressure on the stock market. The stock market rallies strongly, trapping the bears. This time, the stock market is very different from any other time in history as the U. S. President is expertly managing the stock market from day to day during the Iran war. Nonetheless, it is important for investors to understand the traditional sequence of events as explained above. In The Arora Report analysis, there is merit to President Trump’s potential plan of declaring victory in the Iran war without opening the Strait of Hormuz. The reason is that opening the Strait of Hormuz is not as simple as the media in the U. S. has made it sound. By taking this course, President Trump would avoid the most perilous path of the war. In The Arora Report analysis, here is the downside of ending the war without opening the Strait of Hormuz: This will leave Iran in charge of the Strait of Hormuz. This will elevate oil prices. No other power in the world, with the exception of the U. S. , is capable of opening the Strait of Hormuz without Iran’s cooperation. Iran will become more potent and perhaps start charging a toll for passage through the Strait of Hormuz. The result will be slower global growth and higher inflation. The U. S. produces significant oil and is not dependent on the Strait of Hormuz for oil, but Europe, India, and China are. In The Arora Report analysis, President Trump is justified in saying that the countries that benefit the most from an open Strait of Hormuz are those not willing to carry the burden of the Iran war. Then why should the U. S. ? In The Arora Report analysis, herein lies a solid framing for President Trump to declare victory. Should President Trump declare victory, the stock market will bounce. However, oil prices may stay higher, causing inflation and slower growth. These may cap the rise in the stock market. Investors should remember that there are many other high probability scenarios. The only certainty is that oil price and risk are underpriced right now. In general, investors should aggressively invest when the risk is overpriced and not underpriced. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is range bound. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is weaker. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6457 as of this writing. S&P 500 futures resistance levels are 6481, 6600, and 6780 : support levels are 6322, 6256, and 6131. DJIA futures are up 490 points. Gold futures are at $4603, silver futures are at $72. 88, and oil futures are at $103. 19. STOCK MARKET BOUNCES FROM LOW BAND OF SUPPORT ZONE – DEAL NARRATIVE TAKES HOLD — RISK MISPRICED Mar 30, 2026 To gain an edge, this is what you need to know today. Risk Mispriced Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: Last night, S&P 500 stock futures touched the equivalent of the low band of the support zone shown on the SPY chart. The chart shows the stock market has bounced from the low band of zone 1 (support) this morning. RSI on the chart shows the stock market is oversold. President Trump speaks often and says a lot of things about the Iran war. For investors, below is the most important recent post from President Trump. So far, the stock market is focused exclusively on the first part of the post and ignoring the second part of the post. President Trump posted, “The United States of America is in serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran. Great progress has been made but, if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately “Open for Business,” we will conclude our lovely “stay” in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants! ), which we have purposefully not yet “touched. ” This will be in retribution for our many soldiers, and others, that Iran has butchered and killed over the old Regime’s 47 year “Reign of Terror. ” Thank you for your attention to this matter. President DONALD J. TRUMP. ” Even though, right now, the stock market is focused only on the first part of the post, prudent investors should pay attention to the entirety of the post. In The Arora Report analysis, when the entirety of the post is taken into account, the stock market is mispricing the risk and buying on hopium. Interestingly, the oil market is ignoring President Trump’s post. Lately, yields have been rising on inflation concerns. However, this morning yields are coming down on hopium of a deal with Iran. Economic data is ahead this week: JOLTS report and consumer confidence will be released Tuesday at 10am ET. ADP employment change will be released Wednesday at 8:15am ET, followed by retail sales at 8:30am ET, and ISM Manufacturing Index at 10am ET. Initial jobless claims will be released on Thursday at 8:30am ET. The jobs report, the mother of all numbers, will be released on Friday at 8:30am ET followed by ISM Non-Manufacturing Index at 10am ET. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Japan Japan is important because funds have borrowed hundreds of billions of dollars in yen and invested in the U. S. , lately in the AI trade. The yen briefly touched 160 per dollar, but then bounced after there was no opposition to rate hikes in the Bank of Japan’s summary of opinions. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold Gold and silver are seeing *** as yields come down. The momo crowd is buying gold in the early trade, and this is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is inactive in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing buying. Markets Interest rates are ticking down, and bonds are ticking up. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6456 as of this writing. S&P 500 futures resistance levels are 6481, 6600, and 6780 : support levels are 6322, 6256, and 6131. DJIA futures are up 313 points. Gold futures are at $4594, silver futures are at $71. 51, and oil futures are at $101. 23. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 - Tags: BTCUSD, GOLD, MARKETS, OIL, QQQ, SILVER, SPX, SPY By Nigam Arora To gain an edge, this is what you need to know today. Positioning Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has fallen back in zone 1 (support) in the early trade. The drop in the stock market is in reaction to President Trump’s speech. President Trump did not say anything much different than what he had been saying – the Iran campaign will end soon and the U. S. will continue to bomb Iran for the next couple of weeks. Why such a huge reaction from the market? The reason is that yesterday, a majority of mainstream media got it wrong as they were reporting that President Trump would say he was ending the war. As a member of The Arora Report, you already understand the importance of positioning. For those who are interested in deeper knowledge, listen to the podcast titled “Market Mechanics: Positioning. ” Taking the lead from the media, a large number of investors became very long yesterday, including going full on margin. Investor positioning became very positive yesterday. Wall Street is selling in the early trade on the concern that if the market does not recover, margin calls will result in forced liquidations. Yesterday, we were being asked why the Arora Protection Band was reduced only conservatively and not aggressively. The market reaction this morning, once again demonstrates the power of The Arora Report’s algorithms and methodology just like on major events over the last nearly two decades. Initial jobless claims came at 202K vs. 215K consensus. The data shows the jobs picture is strong. As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report. Holiday Schedule Happy Easter to you and your families. Due to the holiday schedule, the Morning Capsule was not scheduled to be published this morning, but the Morning Capsule is being published in view of the major positioning issue in the stock market. The offices will be on a reduced schedule today and Friday. Posts will be published as needed. The stock market will be closed Friday due to Good Friday. The next Morning Capsule will be on Monday. Magnificent Seven Money Flows Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above. In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL). In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ). Momo Crowd And Smart Money In Stocks The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade. Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated. Very Very Short-Term Indicator The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades. Gold The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade. For longer-term, please see gold and silver ratings. Oil The momo crowd is *** oil in the early trade. Smart money is *** in the early trade. For longer-term, please see oil ratings. Bitcoin Bitcoin (BTC. USD) is seeing selling. Markets Interest rates are ticking up, and bonds are ticking down. The dollar is stronger. Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens. S&P 500 futures are trading at 6520 as of this writing. S&P 500 futures resistance levels are 6600, 6780, and 7000 : support levels are 6481, 6322, and 6256. DJIA futures are down 608 points. Gold futures are at $4633, silver futures are at $70. 32, and oil futures are at $112. 22. Arora Protection Band And What To Do Now It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors. Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time. You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges. A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling. It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market. Traditional 60/40 Portfolio Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time. Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing. - Categories: 0 By Nigam Arora Surgery Partners (SGRY) owns a large portfolio of surgical facilities across the U. S. , including ambulatory surgery centers and short stay surgical hospitals. The company partners with physicians to perform a wide range of procedures in lower cost outpatient settings, benefiting from the ongoing shift away from traditional hospital operating rooms. On the surface, this looks like a classic value opportunity. Underneath, it is something more complex. The business has real assets, real demand drivers, and real long term potential. At the same time, there is a structural factor that is preventing that value from being realized in a normal way. Investors need to hold two thoughts at the same time: This is a high potential asset trading at a discount. It is an asset where the path to unlocking value is uncertain. Buyout Offer Rejection Surgery Partners received a $25. 75 per share buyout offer. Management rejected the offer stating the stock was worth more and they had a plan to realize higher value over time. Importantly, management did present what appeared, at the time, to be a highly credible plan that could move SGRY stock into the $35 - $40 range fairly quickly over a few quarters based on execution, margin improvement, and cash flow scaling. In execution of the plan, management has shown poor judgment, an inability to deliver on stated plans, and inconsistency quarter after quarter. This is the real reason the stock has fallen. There is a pattern of mistakes, repeated quarter after quarter. Such a pattern often leads management to change. However, that has not happened here. The reason is structural. Bain Capital, with roughly 39% ownership, effectively controls outcomes. Bain has continued to back the current management team. Part of that dynamic likely reflects board composition, where relationships and alignment with existing leadership reduce the probability of decisive change. The rejection of the buyout offer therefore did two things: Removed a real liquidity event at a premium Transferred execution risk entirely onto a management team that has not delivered The market has responded accordingly. Control Drives Outcomes Bain’s roughly 39% ownership does not provide absolute control, but it provides effective control over outcomes. Strategic alternatives cannot proceed without alignment. Activist efforts lack the ownership base to force change, and management decisions are made within a structure where the controlling shareholder’s priorities dominate. This is not a typical public company dynamic. The result is straightforward. Value can exist, but it is not realized unless and until the controlling shareholder chooses to act. Industry Tailwinds Are Strong The broader surgical center industry is healthy: Volumes are growing. Profitability is attractive. More procedures continue to migrate from hospital operating rooms to outpatient surgical centers due to cost efficiency and convenience. Historically, when a company under performs within a strong industry and owns real assets, the outcome tends to be favorable. Either execution improves, or the assets attract interest, and value is unlocked. Buying the laggard in a strong industry has often been a successful strategy. That would normally be the call here. However, the control structure changes the equation. The presence of a dominant shareholder makes management change and strategic shifts more difficult, even when the industry backdrop is supportive. $35 - $40 Potential Based on industry trends and normalized execution, there is a reasonable path for SGRY to reach the $35 - $40 range over a two to three year period. That scenario assumes improved operational performance, better capital discipline, and a management team that executes with strong judgment. The complication is not the potential. The complication is the path. With the ownership described above, changing management or accelerating strategic action is not as straightforward as it would be in a more widely held company. Money Flows Money flows are extremely negative. Historically, such extreme negative money flows have been a contrary signal and often present a buying opportunity. However, money flows are not a precise timing tool. They indicate conditions, not timing. In this case, negative flows reflect sustained selling pressure tied to uncertainty, not necessarily capitulation that marks a bottom. Investors should recognize the signal, but not rely on it for timing. Sentiment Sentiment is extremely negative. Historically, extreme negative sentiment has been a reliable contrary indicator and often aligns with buying opportunities. As with money flows, sentiment is not a precise timing signal. Negative sentiment can persist for extended periods, especially in situations where structural factors dominate. The current sentiment reflects frustration, lack of confidence, and absence of near term catalysts. Insider Selling Insiders have been selling. Investors need to view this in context. These are the same insiders who presided over the significant value destruction that has already occurred. Their track record of judgment is weak. Insider selling in this context does not necessarily represent informed timing. It may reflect the same flawed judgment that led to the current situation. However, one point is clear – insider selling signals that current management does not have confidence in near term value realization. Tax Loss Selling It is only March, but investors should look ahead. If the stock does not stage a meaningful recovery between now and September, tax loss selling pressure is likely to emerge starting in October. Many funds operate on fiscal years ending October 31. Typically, such selling creates opportunities to buy into weakness. However, in this case, many investors already hold significant positions. That makes it more difficult to add exposure, particularly given the control dynamics that already limit visibility on value realization. Why Management Has Not Changed In most companies, a decline of this magnitude would lead to leadership changes or strategic resets. That has not occurred here. The reason lies in the control structure. Management stability reflects the view of the controlling shareholder. If that view is that the current team can still deliver long term value, there is no immediate pressure to make changes. This is not an oversight. It is alignment with a longer term plan that does not prioritize near term stock performance. Two Key Questions Here are the two key questions investors should be asking: Value exists, but will it be allowed to emerge? The assets, industry positioning, and long term demand support a higher valuation. The challenge is not identifying value, but understanding when and how it will be realized within a controlled structure. What game is Bain playing? One possible interpretation is that Bain Capital may be allowing the stock to drift lower so that it can acquire the remaining shares at a cheaper price. After taking the company private, Bain could then focus on execution and potentially bring the company public again in two to four years at a much higher valuation, potentially in the $35 - $40 range. It Is Not A Cakewalk For Bain If such a strategy is being considered, it is important to recognize that this is not a simple path. This is an inference based on observed behavior and structural incentives. Bain is not communicating such a plan publicly. There are meaningful constraints. Minority shareholders have legal protections, including rights tied to fair treatment in any take-private transaction. Acquiring the company at a low price would require approval mechanisms that cannot be easily bypassed. If shareholders are disciplined and refuse to accept a lowball offer, such a strategy becomes difficult to execute. In that case, Bain may need to shift its approach. Instead of relying on a lower takeout price, the path could move toward improving execution and realizing value in a way that benefits all shareholders. What Now Matters Traditional valuation frameworks are no longer sufficient. What matters now is evidence of operational stabilization, signals of strategic intent, and any developments that shift the balance between patience and pressure. SGRY stock offers high potential at current levels. It is a great value on a fundamental basis. The stumbling block is not the business. The stumbling block is the path to realizing that value. Potential Buyout Target SGRY has all of the characteristics of a potential buyout target, with one exception. The exception being Bain controls about 39% and nothing is going to happen without Bain's consent. Zones The buy zone to scale in is $*** (To see the locked content, please take a 30 day free trial) to $***. For those starting a position now, the recommended quantity is ***% - ***% of the full core position size. The very long term target zone is $35 - $40. The mental stop zone is $*** to $***. What To Do Now Those not in SGRY stock may consider initiating a position by scaling in within the buy zone. Those in SGRY stock may review the quantity held in the context of the total portfolio. Up to 40% of the full core position size is already being held. If this position is very small relative to the total portfolio, it may make sense to add if the stock dips into the lower third of the buy zone. On the other hand, if the position size is meaningful in the context of the entire portfolio, it may make sense to reduce the position size by scaling out on any up spikes. Signal Limited is a Signal(s) with a great record in similar situations but does not meet all of the stringent criteria for a Signal. Typically Signal Limited has higher risk-reward compared to a Signal over the short term. To take a free 30-day trial to paid services to gain access to more opportunities, please click here. This post was just published on ZYX Buy Change Alert. Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services... . TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE TRIAL TO PAID SERVICES. The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends. Join the service that investors trust the most and recommend to family and friends. Please click here to take advantage of a FREE 30 day trial. Nigam Arora Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.